ADM recognizes a wide range of diverse businesses, including minority-owned (MBE), woman-owned (WBE), veteran-owned (VOB), service-disabled veteran-owned (SDVOB), small (SBE), small disadvantaged (SDBE), HUBzone, and SBA 8(a). A list of the category definitions is below.
In order to qualify as a diverse supplier under ADM’s diversity program, certain basic criteria must be met:
- The business owner(s) must be a U.S. Citizen(s) or Legal Resident Alien(s).
- The business must be at least 51 percent owned, controlled and managed by one or more members of the designated group.
- The business must be for-profit and physically located in the United States or its trust territories.
Minority Business Enterprise (MBE)
A business owned and operated by an African American, Native American (including persons of Native Alaskan or Hawaiian descent), Hispanic American, Asian Pacific American, or Asian Indian American.
Woman Business Enterprise (WBE)
A business owned and operated by a Woman.
A business owned and operated by a Veteran of the U.S. Armed Forces.
A business owned and operated by a Veteran of the U.S. Armed Forces who was disabled during his or her service.
Small Disadvantaged Business
A business owned and operated by a socially and economically disadvantaged individual as defined the by the United States Small Business Administration (SBA).
Historically Underutilized Business Zone (HUBzone)
A business located within a historically underutilized business zone; at least 35 percent of the business’ workforce must be residents of a HUBzone.
A small business certified by the U.S. Small Business Administration as socially and economically disadvantaged.
Diverse businesses should be certified as diverse by third-party agencies. Preferred certifying agencies include:
National Minority Supplier Development Council
Women’s Business Enterprise National Council
United States Small Business Administration
National Association of Women Business Owners
Other recognized government agencies