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  • I am a business lawyer in New York City. My passion lies in exploring legal and non-legal aspects of the growing online business and social world. E-mail me: iblog(at)ratschko(dot)com.

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New York City's Minority/Women Owned Business Enterprise Program - Has it helped your Business?

New York City has a Minority-Women-Owned-Business-Enterprise Program.  According to their website, the benefits of obtaining a certification under the program are that:

    * Firms are listed in the NYC Online Directory of Certified Businesses, which is accessible to purchasing officers and contracting agencies, as well as private purchasers.  Our NYC Online Directory is searchable by keyword, company name, location or certification status of the owner.

    * Enhanced probability of being invited to bid on small purchases by government agencies through new initiatives to connect vendors directly into the government procurement process

    * Networking opportunities with government procurement agents, including industry-focused events

    * Discounts on business development services, such as computer equipment and continuing education classes at local colleges

To qualify for certification into the Department of Small Business Services' (SBS) M/WBE program, a company must be:

    "* In operation for at least one year

    * At least 51% owned, operated and controlled by a woman or a member of a minority group, including Asian-Indian, Asian-Pacific, African-American, Hispanic or Native American

    * Located in New York City or one of 14 surrounding counties. If the company is located outside of NYC, it must have a significant tie to the City's business community (i.e., have conducted business in the city, have derived 25% or more of gross receipts from business conducted in the city, possess a license issued by the city, etc.)"

Check on their website for applications and requirements. They also offer free classes on completing  the applications.

I would be interested to hear from businesses that have had success through such certification.  Please comment.

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  • I publish this small business law blog to educate small businesses and their owners about relevant New York law. I am not conveying any legal, accounting, tax, or other professional advice and your use of this small business law blog does not create an attorney-client relationship between you and me. THE CONTENT OF THIS BLOG SHOULD NOT BE RELIED UPON OR USED AS A SUBSTITUTE FOR PERSONAL CONSULTATION WITH A LICENSED SMALL BUSINESS ATTORNEY. THIS MAY BE ATTORNEY ADVERTISING.