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Supplier Diversity Definitions
For the purposes of our Supplier Diversity Program, we define minority- or women-owned and operated businesses as indicated below.
A minority-owned and operated business is one:
- That is at least 51 percent owned by members of a minority group (African-American, Asian-Indian American, Hispanic American, Asian Pacific American or Native American) who are U.S. citizens.
- Whose management and business operations are controlled by one or more members of a minority group.
- That, if publicly owned, has one or more members of a minority group owning a controlling share of the stock.
A women-owned and operated business is one:
- That is at least 51 percent owned by women who are U.S. citizens.
- Whose management and business operations are controlled by one or more women.
- That, if publicly owned, has one or more women owning a controlling share of the stock.
