To be eligible for certification as an SBE:
(1) a firm's annual gross receipts, including the annual
gross receipts of all of the firm's affiliates, for the three preceding
completed fiscal years may not have exceeded the United States Small
Business Administration's size standard for the North American Industry
Classification Code, as provided by 13 C.F.R. §121.201, that
is designated as the principal business of the firm; and
(2) at least 51 percent of the firm's assets and interest
and classes of stock and equitable securities, if applicable, must
be owned by one or more persons who are United States citizens or
lawfully admitted permanent residents.
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