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There are many types of certifications available for Small Businesses.
Minority Owned Businesses (MBE)
A minority-owned business is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by minority group members. "Minority group members" are United States citizens who are Asian, Black, Hispanic and Native American.
Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals. Further, the management and daily operations are controlled by those minority group members.
For purposes of NMSDCs (National Minority Supplier Development Council) program, a minority group member is an individual who is a U.S. citizen with at least 1/4 or 25% minimum (documentation to support claim of 25% required from applicant) of the following: Asian-Indian - A U.S. citizen whose origins are from India, Pakistan and Bangladesh Asian-Pacific - A U.S. citizen whose origins are from Japan, China, Indonesia, Malaysia, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Thailand, Samoa, Guam, the U.S. Trust Territories of the Pacific or the Northern Marianas
Frequently Asked Questions
This section is intended as a jumping off spot within the web site. Most businesses who visit this site are looking first for basic information to get started. As they mature, they look for resources to take their businesses to the next plateau.
The questions below are intented to start the information journey and to shortcut some of the time required to research the information on your own.
Do I need a small business certification to participate in the Small and Underutilized Business programs?
Yes, your company must be certified to participate in the SDB/DBE Programs. Qualification to become certified depends on the type of business, its gross revenue, and its location. For more information regarding certification requirements, check out Certification Overview.
Why are there so many types of certifications?
Just as there are different types of businesses, each certifying body has different criteria according to its primary focus. Prior to seeking certification, you should thoroughly examine your business and its target markets to determine which, if any, certifications can provide more opportunities to your company.
How long does certification take?
Although different agencies have their own processes, it generally takes approximately 90-120 days once a completed certification application is received.
I have a retail store (hair salon, dry cleaners, etc.). Do I need to get certified?
Most "business to consumer" type of businesses don't need to become certified. For businesses who sell to other businesses, find out who they sell to. Becoming certified as a diversity supplier can not only open more doors to purchasing departments, your company can also help larger corporations meet their diversity and community support goals.
How much does it cost to become certified?
Again, it depends on the type of certification. The Minority certification costs approximate $150-175 and must be renewed annually with the applicable fees. The Woman Owned certification fees vary depending on the affiliate certification agencies. There is a non-refundable processing fee of approximately $249-279 and must be renewed annually with the applicable fees.
The SDB/DBE certification process is free and now renewed every three years once you have been certified using the Uniform Certification Application. Both 8(a) and HUB certifications are also free.
Where do I go to get the certification forms that I need?
Certification is done at the local and regional levels. Based the city and state of your principal place of business, find the Certification Agency in your geographic location.
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14 ธ.ค. 53 12:35:56
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