An SBE enterprise is at least 51 percent owned by one or more socially and economically disadvantaged individual, or in the case of any publicly owned business, at least 51 percent of the stock is owned by one or more socially disadvantaged individuals; and whose management and daily operations are controlled by one or more of the socially and economically disadvantaged individuals who own it. Whose combined net worth of the individuals that own and control the firm does not exceed $250,000 excluding the value of their personal residence(s) and the value of the applicant firm.