Procurement Acronyms

SDB (Small Diverse Business)

SDB (Small Diverse Business)

Small Diverse Business (SDB) is a term used to describe businesses owned by minorities, women, veterans, and people with disabilities who wish to participate in the procurement process. SDB’s are typically smaller-scale companies or organizations that demonstrate exceptional skill and dedication in their respective fields. By doing business with SDB’s, governments and other organizations can foster economic growth and help promote social diversity within their communities. This type of business arrangement also helps ensure an equitable playing field for all parties involved in the procurement process.