MBE - Indianapolis International Airport

Indianapolis Airport AuthoritySupplier Diversity Definitions“ACDBE - Airport Concession Disadvantaged Business Enterprise” is a concessionaire, retailer orcar rental agency that is a sole proprietorship, corporation or joint venture of which a person that issocially and economically disadvantaged owns a minimum of 51%. In the case of a proprietorshipor partnership, the daily management and operation of the business concern is controlled by atleast one of the socially and economically disadvantaged individuals who own the business. In thecase of a corporation, socially and economically disadvantaged stockholders must be in control ofthe management and daily business operations, and a majority of the directors must be socially andeconomically disadvantaged.What is a Concession?1) a business located on the Airport that is engaged in the sale of consumer goodsor services to the public 2) a business conducting one or more of the followingactivities: management contracts and subcontracts, a web-based or otherelectronic business in a terminal or which passengers can access at the terminal, anadvertising business that provides advertising displays or messages to the publicon the Airport, or a business that provides goods and services to concessionaires.“DBE - Disadvantaged Business Enterprise” is a sole proprietorship, corporation or joint ventureof which a person that is socially and economically disadvantaged owns a minimum of 51%. In thecase of a proprietorship or partnership, the daily management and operation of the businessconcern is controlled by at least one of the socially and economically disadvantaged individualswho own the business. In the case of a corporation, socially and economically disadvantagedstockholders must be in control of the management and daily business operations, and a majorityof the directors must be socially and economically disadvantaged.“MBE - Minority Business Enterprise” is a sole proprietorship, partnership, corporation or jointventure of which a minimum of 51% is owned by one or more minorities. In the case of aproprietorship or partnership, the minority owner/s must be engaged in the daily managementcontrol and operation of the business concern. In the case of a corporation, minority stockholdersmust be in control of the management and daily business operations, and a majority of thedirectors must be of the following minority groups: African-American, Asian-American,Hispanic/Latino, Native American Indian, Alaskan Native or members of other minority groups.“WBE - Woman Business Enterprise” is a sole proprietorship, partnership, corporation or jointventure of which women own a minimum of 51%. In the case of a proprietorship or partnership,the daily management and operation of the business concern is controlled by at least one of thewomen who own the business. In the case of a corporation, women stockholders must be incontrol of the management and daily business operations, and a majority of the directors must bewomen.“VBE – Veteran Business Enterprise” not less than 51% of which is owned by one or moreveterans, or in the case of any publicly owned business, not less than 51% of the stock of which isowned by one or more veterans; and the management and daily business operations of which arecontrolled by one or more veteransThe term ''veteran'' means a person who served in the active military, naval, or air service, and whowas discharged or released therefrom under conditions other than dishonorable. [Title 38 Section101 (2)]