Minority Business Certification Benefits

Federal, state and local governments have established
several programs to assist disadvantaged groups thrive and grow in business. Therefore many
businesses seek out minority, women owned and veteran business certification (hereinafter “Certified
Businesses”) and status to take advantage of these special programs and benefits.

  • Grants and Loans: Grants and funding are provided to help get Certified Businesses off the ground
    and operating. Many financing opportunities will only exist for Certified Businesses. For example, the
    Small Business Administration finances loans made to Certified Businesses.

  • Contracts: Certified Businesses are favored when it comes to submittal of bids for certain special
    and government contracts.

  • Supplier: Government agencies and Fortune 1000 businesses acknowledge Certified Businesses as
    official minority business suppliers.

  • Considerations: Often local, state and federal governmental agencies must recognize Certified
    Businesses in order to allow them to take advantage of special funding appropriately.

  • Corporation Benefits: Many Fortune 1000 and smaller businesses solicit business relationships
    from Certified Businesses. It helps large corporations and other businesses in the community
    enhance their image.

  • Resources: Being a woman, disadvantaged or minority certified business allows you to be registered
    in multiple resources where your potential business customers are able to learn about your business
    so it results in publicity and good will.

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