NMSDC is now comprised of 37 regional councils, 3,500 corporate members and more than 16,000 MBE (Minority Business Enterprise) certified firms.
“The essence of the American economic system of private enterprise is free competition.” ~ Small Business Act of 1953.
A two-tier contracting relationship happens when the end client has one or more prime vendors and requires non-prime vendors to subcontract through a prime.
Getting certified is just the first step. Next comes maintenance of that certification. Virtually all certifiers state that they MUST BE notified – usually in writing – within 30 days of any major change in your business.
While holding a diversity certificate does not guarantee the company sales, it is a tool that can be used to open doors to opportunities, increase visibility and build relationships.
A major feature of this program is the ability to participate in federal procurements that are specifically set aside for 8(a) certified businesses. If your company is interested in doing business with federal agencies and it meets the disadvantaged SBA standards, the 8(a) certification program might be a good fit for you.
We suffered through the vagaries of unintelligible error messages. I love technology! Now that we’ve resolved the technical issues that had us offline for 10 days, new material will be posted soon.
Don’t be intimidated by or worry about a site visit. We’ve been visited a lot … 14 certifications worth! The visits have been about confirming information and they give the certifying organization an opportunity to explore and understand the business first hand.
Governance boils down to the language in the governing documents of the diverse business. Review your governing documents BEFORE you apply for a diversity certification!
To be a diversity certified business, the diverse owners must control the business. The owner has to have the authority and “power to direct or determine” or influence what will happen in the business, both now and in the future.