Business certifications are very effective marketing and business development tools. MBE & WBE certifications allow companies to go after new contracts with large corporations that have Supplier Diversity programs, and government agencies at the federal, state, and local levels.
What is a Minority Business Enterprise?
- A for-profit business
- 51% owned by U.S. citizens who are a minority:
- Asian-Indian, Asian-Pacific Islander, Black, Hispanic, or Native American
- Management & day-to-day operations are controlled by a minority owner
- Application fee – $300, $450, $650, $800 based on company revenue
What is a Woman Business Enterprise?
- A for-profit business
- 51% owned by U.S. citizen or legal resident women
- Management & day-to-day operations are controlled by a woman owner
- Application fee $500
There are also local, state and federal government business certifications that use many of the same documents required for the MBE & WBE national certifications and don’t charge a fee to apply.
If you’re ready to start your business certification process using our DIY (Do It Yourself) MBE & WBE Certification Guide, click below:
DIY MBE & WBE Certification Guide
For additional information on business certifications contact us at millieherrera@themiamigroup.com