Understanding How Delaware Classifies Certified Small and Diverse Businesses

https://businesstypeplace.fairmontdigest.com/posts/understanding-how-delaware-classifies-certified-small-and-diverse-businesses

Delaware officially defines a certified small business as independently owned, under a certain revenue threshold, and not dominant in its field. For diverse businesses—those owned by minorities, women, or veterans—the state requires proof of at least 51% ownership and active control. These classifications help firms qualify for state contracting preferences and set-aside programs, but you must register through Delaware’s Office of Supplier Diversity with proper documentation like tax returns an…