Qualifications for New York State MWBE Certification
To qualify for New York State certification as a minority and/or
women-owned business enterprise (MWBE), an applicant must
successfully demonstrate the following:
All applicants:
-
All firms seeking MBE, WBE or MWBE certification must be
owned, operated and controlled by minority members
and/or women.
-
The ownership must be real, substantial and continuing,
and the minority members and/or women must exercise the
authority to independently control the day-to-day
business decisions.
-
Each minority or woman who has an ownership interest in
the firm must have a net worth which does not exceed 3.5
million dollars. This calculation should not include the
ownership interest in the applicant firm, the primary
residence of the owner(s), and $500 thousand of present
cash value of any qualified retirement savings plan, or
individual retirement account held by the individual
less any penalties for early withdrawal.
-
The firm cannot exceed 300 employees.
-
The firm must operate independently of other firms.
-
Generally, the business must be in operation for at
least one year.
All out-of-state applicants:
-
Out of state applicants should be certified as a MWBE in
their home state, if a similar process exists, before
applying for MWBE certification in New York State.
-
All applicants must have “Authority
to do Business in New York State” from the
New York Department of State prior to submitting an
application for MWBE certification.
Definition of a Women-Owned Business Enterprise (WBE)
-
Under Article 15-A of the Executive Law, a WBE is a
business enterprise in which at least fifty-one percent
(51%) is owned, operated and controlled by citizens or
permanent resident aliens who are women.
Definition of a Minority-Owned Business Enterprise (MBE)
-
Under Article 15-A of the Executive Law, an MBE is a
business enterprise in which at least fifty-one percent
(51%) is owned, operated and controlled by citizens or
permanent resident aliens who are meeting the ethnic
definitions listed in the chart below:
|
Group |
Definition |
|
Black |
Persons having origins from any of the Black
African racial groups. |
|
Hispanic |
Persons of Mexican, Puerto Rican, Dominican,
Cuban, Central or South American descent of
Either Indian or Hispanic origin, regardless of
race. |
|
Asian-Pacific |
Persons having origins from the Far East,
Southeast Asia or the Pacific Islands. |
|
Asian-Indian Subcontinent |
Persons having origins from the Indian
subcontinent. |
|
Native American |
Persons having origins in any of the original
peoples of North America. |
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