Supplier Diversity

A firm, including its affiliates, which is independently owned and operated, is not dominant in its field of operation, and qualifies as a small business under the criteria and size standards in 13 CFR part 121 (see FAR 19.102). A table of small business size standards can be found on the SBA website. To be recognized by Medtronic as a SB, a company must meet the size requirements listed on the SBA website and be certified and registered as such in the System for Award Management (SAM) website

A small business concern that is at least 51% owned and controlled by one or more individuals who are both socially and economically disadvantaged; for a publicly owned business, at least 51% of its stock must be owned by one or more socially and economically disadvantaged individuals, and must be controlled by one or more such individuals. African Americans, Hispanic Americans, Asian Pacific Americans, Subcontinent Asian Americans, and Native Americans are presumed to qualify. All individuals must have a net worth of less than $750,000, excluding the equity of the business and primary residence. To be recognized by Medtronic as a SDB, a company must be certified and registered as such in the System for Award Management (SAM) website.

NOTE: The 8(a) Business Development Program is a nine-year business development program for socially and economically disadvantaged concerns. 8(a) contractors are certified as SDB for federal contracting purposes, and are listed in Small Business Administration’s (SBA) on-line directory. 8(a) program graduates maintain SDB certification status three years from last SBA review.

A small business concern that is at least 51% owned and controlled by one or more women. To be recognized by Medtronic as a WOSB, a company must be certified and registered as such in the System for Award Management (SAM) website. For additional information on the WOSB program, visit the SBA website.

This classification is administered by the US Small Business Administration (SBA). It was created to stimulate economic development and create jobs in urban and rural communities. HUBZone-certified small businesses receive federal-contracting preferences. The SBA certifies HUBZone status to eligible businesses. To be recognized by Medtronic as a HUBZone, a company must be actively certified and registered as such in the System for Award Management (SAM) website.

Additional HUBZone program information can be found on the HUBZone website.

A small business concern that is at least 51% owned and controlled by a veteran or group of veterans. The Department of Veteran Affairs’ (VA) Center for Veteran’s Enterprise (CVE) verifies VOSB status to eligible businesses. To be recognized by Medtronic as a VOSB, a company must be verified by the CVE and registered as such in the VETBIZ.gov Vendor Information Pages (VIP) database.

A small business concern that is 51% owned and controlled by a service-disabled veteran(s). The Department of Veteran Affairs (VA) Center for Veteran’s Enterprise (CVE) verifies SDVOSB status to eligible businesses. To be recognized by Medtronic as a SDVOSB, a company must be verified by the CVE and registered as such in the VETBIZ.gov Vendor Information Pages (VIP) database.

A business that is at least 51% owned, controlled, and operated by a minority group with member(s) of one of the following ethnicities: African American, Asian-Indian American, Asian-Pacific American, Hispanic American, Native American. To be recognized by Medtronic as a MBE, a company must be actively certified by the National Minority Supplier Development Council (NMSDC).

A business that is at least 51% owned, controlled, and operated by one or more women. To be recognized by Medtronic as a WBE, a company must be actively certified by the Women's Business Enterprise National Council (WBENC).