Minority and/or Women Owned Business Eligibility Criteria

Definition of a Woman-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 Native American or Latin American 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 or Alaskan Native

 

Qualifications for NYS 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 through the production of relevant documentation:

Ownership, Operation and Control

All firms seeking MBE, WBE or MWBE certification must be independently 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.

Personal Net Worth Restriction

Each minority or woman owner upon whom certification is based, cannot have a personal net worth exceeding $3.5 Million after allowable deductions. 

These are allowable deductions under the law:

§  Primary residence, or the mortgage for that residence.

§  Ownership interest in the applicant firm.

§  Up to $500 thousand of any qualified retirement savings plan.

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