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 full SBA Size Standard 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 ownership 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: All 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, or a $50 non-refundable renewal application fee.