Small, minority- and women-owned firms that meet the eligibility standards of the MBE Program are encouraged to seek certification. Eligibility is determined by minority status, ownership, control, size and the personal net worth of the minority owner(s).
The certification process is structured to ensure that only those businesses meeting all the requirements set forth under State law may participate in the program.
What are the benefits of MBE certification?
The benefits of MBE Certification really boil down to one word: access. Certification gives MBEs exclusive access to top corporate purchasing agents, premium networking events, searchable supplier databases, affordable consulting services, technology programs, and vital introductions to nationally known corporations.
Count towards the minority spending goals of top corporations
Many Fortune 1000 companies in America have supplier diversity programs in place. These programs are specifically designed for large companies to source products and services from minority owned businesses. They do this in an effort to keep their businesses in line with the shifting demographic profile of our country. These companies recognize that a diverse supply base offers a competitive advantage in today’s multicultural business economy.
In other words, large corporations are constantly looking for minority owned businesses to work with. They have supplier diversity programs in place to calculate exactly how successful they are in sourcing products and services from minority suppliers. Therefore one of the top benefits of MBE certification is that any contractual agreement between a corporation and Certified MBE is counted towards that corporation’s supplier diversity goal. The more they spend with Certified MBEs, the closer they get to achieving and surpassing their goal. But you have to be a Certified MBE in order to count towards corporate diversity spending.
Attend the top business networking events
The Mountain Plains MSDC hosts a number of large-scale signature events each year. These events are designed to put corporate members and MBEs in the same place to talk about business opportunities and to showcase MBE certification capabilities. Signature events include:
Business Opportunity Exchange
Annual Golf Tournament
Business Alliance Forum
MBE Annual Business Meeting
Get listed in national supplier databases
When your company becomes a Certified with MBE certification it also gets listed in the national minority supplier database. This placement allows corporations across the country to find your MBE and reach out to you with contract opportunities and other business ventures.
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