The Council, an affiliate of the NMSDC, is comprised of corporations, educational institutions, public agencies, and non-profit organizations dedicated to supplier diversity. One of the primary roles of the Council is to identify and certify bona-fide MBEs for contracting opportunities with the membership, and facilitate the growth and development of our suppliers. Our mission, vision and commitment is developing and growing the Minority business community.
A minority-owned business enterprise (MBE) is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by minority group members. “Minority group members” are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly owned business, at least 51% of the stock is owned by one or more such individuals. Further, those minority group members control the management and daily operations.
Only if you are a company owned by one or more of the ethnic groups below. We certify ethnic owned companies based on their minority group. The Council definition of a minority owned business, as adopted from the National Minority Supplier Development Council, is a company that has at least 51 percent ownership by a person or persons belonging to a minority group. Minority groups included in this definition are: Asian, Black, Hispanic, and Native American. For those women-owned businesses that do not meet our criteria, contact The Women’s Business Enterprise at www.wbenc.org
In order for minority businesses to be affiliated with The Council and have access to our members and to be eligible for the many programs and services offered, it is necessary to complete the certification process. It is also the certification that Corporate America prefers. Once certified and part of the NMSDC Network, over two-thirds of minority business enterprises (MBEs) confirm business increases due to their partnership with the Council’s corporate members. In 2004 the largest U.S. corporations purchased more than $80 billion in goods and services supplied by MBEs. Corporations prefer to do business with certified MBEs.
MBE certification DOES NOT tag you as a small company, a less qualified company, enter you in a separate database, or preclude your bidding or seeking to gain entry to a supply chains. MBE certification enables our membership to track and ensure utilization of a diverse supplier pool.
State certifications are for pursuing and conducting business with various government entities: agencies, cities, counties, etc. The certification issued by The Council is primarily for the private sector. In order for minority businesses to be affiliated with The Council and have access to our members and to be eligible for the many programs and services offered, it is necessary to complete the certification process.
The four main steps involved with certification are:
- Complete certification application along with necessary documentation and fee
- Site visit of business location and interview of principal(s)
- Review for recommendation by the Certification Committee & vote
- Ratification by Board of Directors
It normally takes approximately 30 days if ALL requested information is submitted with the certification fee.
Yes! An applicant must be an U.S. citizen either by birth or naturalization. A permanent resident or green card holder does not qualify.
North American Industry Classification System (NAICS) is an industry classification system that groups establishments into industry sectors based on the activities in which they are primarily engaged. The NAICS is a comprehensive system covering the entire field of economic activities, producing and non-producing. This system replaces the former Standard Industrial Classification (SIC) designations. Corporate America and local, state, and federal government entities use NAICS codes. You are required to identify your businesses’ NAICS designation code. The NMSDC and corporate buying groups use NAICS codes to identify certified MBEs.
You may locate the NAICS code on the Internet atwww.naics.com or at your local public library.
Please contact us at Council@nynjmsdc.org or call (212) 502-5663 for any other questions you may have. Thank you!