Okla. Admin. Code § 150:155-1-3

Current through Vol. 42, No. 7, December 16, 2024

Section 150:155-1-3 - Eligible entities

To be certified by the Department as a Diverse Business Enterprise, a business will meet all of the following criteria:

(1) Have less than Five Hundred (500) total employees.

(2) Have an annual revenue equal to or less than Twenty-Five Million Dollars ($25,000,000).

(3) Be Oklahoma Owned and Operated.

(4) Be registered to do business with the Oklahoma Secretary of State, if applicable.

(5) Not be a publicly traded company.

(6) Meet one or more of the following criteria:

(A) Certified by the United States Small Business Administration as one or more of the following types of entities:

(i) Woman-Owned Small Business

(ii) Minority-Business Enterprise

(iii) Small Disadvantaged Business

(iv) Service-disabled Veteran-Owned Small Business

(v) HUBZone Small Business Concern

(vi) 8(a) Business Development Program member.

(B) Fifty-one percent (51%) or more owned and controlled by a member of one of the following diverse groups:

(i) Native Americans,

(ii) United States Military Veterans,

(iii) Women,

(iv) Racial Minorities.

(C) An Oklahoma Department of Transportation Disadvantaged Business Enterprise.

Okla. Admin. Code § 150:155-1-3

Adopted by Oklahoma Register, Volume 39, Issue 08, January 3, 2022, eff. 11/30/2021

Adopted by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022