Specializing in NYS MWBE Certification
NYC earmarks record $19.4B for school-related construction
〰️
New York Mayor Pursuing Billions in Federal Infrastructure Funds
〰️
The Port Authority has broken ground on a transformative $19 billion dollar public/private redevelopment program to build a new John F. Kennedy International Airport (JFK) .
〰️
Feds add $4 billion to Gateway tunnel project, which will cut NJ's share of the cost
〰️
Mayor Adams Announces Progress to Improve Care and Services for People in Custody, Advances Plans for Future Uses of Rikers Island
〰️
NYC earmarks record $19.4B for school-related construction 〰️ New York Mayor Pursuing Billions in Federal Infrastructure Funds 〰️ The Port Authority has broken ground on a transformative $19 billion dollar public/private redevelopment program to build a new John F. Kennedy International Airport (JFK) . 〰️ Feds add $4 billion to Gateway tunnel project, which will cut NJ's share of the cost 〰️ Mayor Adams Announces Progress to Improve Care and Services for People in Custody, Advances Plans for Future Uses of Rikers Island 〰️
What is the NYS MWBE Program?
The New York State Minority Business Enterprise (MBE) program aims to promote economic opportunities for minority and women-owned business enterprises (WBE) in the state. The program sets goals for state agencies, authorities, and commissions to award a certain percentage of contracts to certified minority and women-owned business enterprises (MWBEs).
To be eligible for certification, a business must be at least 51% owned, operated, and controlled by individuals who are minorities or women. The program provides various benefits to certified MBEs & WBEs, including access to contracting opportunities, technical assistance, and networking opportunities. It seeks to address disparities in contracting opportunities and promote diversity and inclusion in state procurement processes.
Benefits of MWBE Certification
Contracting Opportunities
Certified MBE and WBE businesses are eligible to compete for government contracts at the state, local, and municipal levels. NYS agencies, authorities, and commissions are required to set aside a percentage of their contracts for MBE and WBE firms.
Access to Capital
MBE and WBE certification can enhance access to capital through various programs and initiatives offered by government agencies, financial institutions, and community organizations. These resources include loans, grants, bonding assistance, and technical assistance programs
Technical Assistance and Training
MBE and WBE certification can enhance access to capital through various programs and initiatives offered by government agencies, financial institutions, and community organizations. These resources include loans, grants, bonding assistance, and technical assistance programs
Networking and Business Development
Certified MBE and WBE businesses have access to networking events, matchmaking sessions, trade fairs, and business development programs facilitated by government agencies, industry associations, and advocacy organizations. These platforms enable firms to connect with potential clients, partners, and suppliers, fostering collaboration and growth.
Supplier Diversity Programs
Many corporations, utilities, and large private-sector entities operating in NYS have supplier diversity programs aimed at increasing procurement from MBE and WBE firms. Certified businesses can leverage these programs to access new markets, secure contracts, and build long-term relationships with corporate partners
Your Business is Eligible to Apply if You
Can Show…
-
Ownership
The business must be at least 51% owned and controlled by one or more individuals who are members of a minority group. Minority groups may include African Americans, Hispanic Americans, Native Americans, Asian Pacific Americans, and Subcontinent Asian Americans, among others. Ownership must be real, substantial, and ongoing.
-
Control
The minority owner(s) must exercise control over the day-to-day management and operations of the business. This includes making decisions related to strategic planning, financial management, and business development. Control should be demonstrated through the ownership of voting stock or other forms of ownership interest.
-
Independence
The business must be independent and not significantly reliant on another firm for its operations, management, or finances. It should operate as a separate legal entity with its own assets, employees, and business relationships.
-
Size Standards
The business must meet the size standards established by the certifying agency. These standards may vary depending on the industry and are typically based on factors such as annual revenue, number of employees, or other measures of business size.
-
Good Standing
The business must be in good standing with applicable licensing, regulatory, and tax authorities. This includes maintaining any required business licenses, permits, and certifications.
-
Principal Place of Business:
The business must have its principal place of business located within the geographic area covered by the certifying agency. Some agencies may also require that a significant portion of the business's operations occur within this geographic area.
-
Ethical Standards
The business and its owners must demonstrate ethical conduct and integrity in their business practices. This may include disclosing any past criminal convictions, civil judgments, or other legal issues that could impact the business's eligibility for certification.es here
-
Legal Structure
The business must have a legal structure recognized by the certifying agency, such as a sole proprietorship, partnership, corporation, or limited liability company (LLC).
Contact us.
If you want to talk to us about a free preliminary consultation, please provide your contact information below. We look forward to helping you to acquire your NYS MWBE Certification!