Business Tools - Main » Woman-owned Business Certification
WHAT IS WOMAN-OWNED BUSINESS CERTIFICATION?
According to MWBE.com (the Minority and Women Owned Enterprises website), small business certification is a review process designed to ensure that a small business is actually owned, controlled, and operated by the applicants. Most certifications are granted for Woman-owned businesses, Small Disadvantaged Businesses, and Underutilized businesses. Certification agencies implement the processes for government and private sector entities and ensure that only firms that meet the eligibility criteria of the individual programs are properly certified.
WHY GET CERTIFIED?
New York State Certification affords your business the opportunity to be listed in a statewide Directory of Certified Minority and Women-Owned Business Enterprises used by state agencies and contractors.
Because state government has been mandated by the Governor and the Legislature to provide greater opportunity for participation by Minority and Women's Business Enterprises (M / WBEs) in state contracting, certification gives business owners an advantage when marketing goods and/or services to state agencies and authorities.
DEFINITION OF A WOMAN-OWNED BUSINESS
A woman-owned business 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 women.
Ownership by a woman, or women, 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, the management and daily operations are controlled by those women.
NEW YORK STATE WOMAN-OWNED BUSINESS CERTIFICATION
Certification is done at the local or regional level. Certification must be renewed each year along with payment of an annual fee.
Once certified, a company is officially recognized by all State agencies and most authorities as a bona fide woman-owned business enterprise.
Get an Application to become a Certified Woman-owned Business in New York State »
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