To be nominated and receive one of the following local awards, the small business nominee must fit within the category of the award, demonstrate success in business and complete and submit the required nomination package information. Incomplete packages will not be accepted.
Family-Owned Small Business
Nominees must serve as a majority owner & operator or bear principal responsibility for operating a small business with at least a 15-year track record that has been passed down through one or more generations.
Minority-Owned Small Business
Any individual who qualifies as a minority and who owns at least 51% and operates a small business with a 3-year track record and a commitment to strengthen minority-owned businesses in the community may be nominated.
Veteran-Owned Small Business
A business that is at least 51% veteran-owned with a successful track record and a commitment to strengthen veteran-owned businesses within the community.
Woman-Owned Small Business
A business that is at least 51% women-owned with a successful track record and a commitment to strengthen woman-owned businesses within the community.
Young Entrepreneur-Owned Small Business
Any individual who serves as majority owner and operates or bears principal responsibility for operating a small business with a 3-year track record, and who will not have reached the age of 30 by June 1 of the year the award will be presented.
Small Business Champion
An organization/individual selected by the District Director who has gone above and beyond as champion for small business in the State of South Dakota.
SBA will make the above referenced awards to eligible small businesses at the South Dakota District level only. Awards for Small Business Person of the Year and Exporter of the Year will be forwarded for National competition.