How to Certify a Minority-Owned Business
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Certification Opportunities for Minority-Owned Small Businesses
Many public and private organizations and agencies provide ways for minority-owned small businesses to tap into special business opportunities and resources.
The Small Business Association 8(a) Business Development Program
The SBA 8(a) Business Development Program provides minority-owned businesses opportunities to contract with government agencies. The program also provides qualifying minority-owned small businesses mentorship and business development resources. To apply, visit the Small Business Association.
State Programs through US DOT
Additionally, the U.S. Department of Transportation (DOT) requires that a certain percentage of its contract funds are awarded to minority-owned businesses. In order to comply, the various state programs that rely on DOT funding must also award contracts through Disadvantaged Business Enterprise (DBE) programs.
To apply and be certified, apply through your state’s DBE program.
State and Local Minority Business Enterprise Programs
Many states or regions also have certifications for minority-owned businesses known as Minority Business (MBE) programs. Gaining this certification may help a company market itself to both private and public entities to win contracts. Some MBE certifications may also provide access to business development programs and other business-building resources.
Do I Need a Lawyer to Certify My Minority-Owned Small Business?
It is unlikely that you will need a lawyer to complete a certification application. However, financing and operating a new business can be a complicated process that may require assistance from an experienced legal professional.
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Last Modified: 01-03-2014 10:29 AM PST
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