The Minority/Women Business Enterprise (M/WBE) certification affords small businesses the opportunity to compete for contracts.
It is race and gender conscious.
BUSINESS SIZE: For Construction, your annual revenues must not exceed the SBA Size Standard with an overall cap of $23.98 million, averaged over three years. (for Professional Services, it is half of the SBA Size Standard, averaged over three years).
OWNERSHIP: At least 51% of your company owners must be members of economically and socially disadvantaged groups (Women, Hispanic, Asian, Black, Native American).
TIME IN BUSINESS: You must actively be in business for six months.
PERSONAL NET WORTH: 51% of your company owners must be under the Personal Net Worth standard of less than $1.32 million (this amount excludes a primary residence and ownership interest in the company applying for certification).
WORK TYPE: Construction-related and some covered goods and services.
FEE: $200 non-refundable application fee.