Minority Business Enterprise (MBE) is defined as a business, which is at least 51% owned, operated and controlled by a person, or persons who are minority group members. For these purposes, minority group members are African Americans, Native Americans, Hispanic Americans and Asian-Pacific Americans, who are U.S. citizens.

Women Owned Business Enterprise (WBE) is defined, as a business which is at least 51% owned, operated and controlled by a female or group of females who are U.S. citizens.

Local Small Business (LSB) is defined as a business which is located in within 50 miles of Amplify Headquarters, whose average gross annual sales in the last three years are less than SIC category limits for the contractor SIC(Standard Industrial Classification) code found in 13 CFR, Part 121.601, and which is at least 51% owned, operated and controlled by a resident or residents of the Metropolitan Statistical Area.

Veteran Owned (VO) is defined as a business that is at least 51% owned, operated, and controlled by one or more veterans. In this context, a “veteran” refers to an individual who has served in the active military, naval, or air service and was discharged under conditions other than dishonorable. The U.S. federal government guidelines are primarily found in the Code of Federal Regulations (CFR) under 13 CFR § 125.1. This part details the eligibility requirements and processes for businesses seeking to be recognized as veteran-owned or service-disabled veteran-owned.

Service-Disabled Veteran Ownership: This classification refers to businesses that are at least 51% owned and controlled by one or more service-disabled veterans. These individuals must have a disability that is service connected, as determined by the U.S. Department of Veterans Affairs. This classification aims to promote economic opportunities for veterans who have been disabled in the line of duty.

Small Disadvantaged Business Ownership: A Small Disadvantaged Business (SDB) is defined as a small business that is at least 51% owned and controlled by one or more individuals who are socially and economically disadvantaged. This designation is often used to support businesses owned by individuals from historically underrepresented groups, including racial and ethnic minorities, women, and others who may face barriers to entry in the marketplace.

HubZone: The Historically Underutilized Business Zone (HUBZone) program is designed to encourage economic development in distressed areas by providing federal contracting assistance to small businesses located in these zones. To qualify, a business must be located in a designated HUBZone, be at least 51% owned and controlled by U.S. citizens, and meet specific size standards. The program aims to stimulate job growth and investment in economically challenged communities.

Hispanic Ownership: This classification refers to businesses that are at least 51% owned and controlled by individuals of Hispanic or Latino descent. This designation is part of broader efforts to promote diversity and inclusion within the business community, recognizing the unique challenges faced by Hispanic entrepreneurs and supporting their participation in various economic activities.