Minority Business Enterprise (MBE) certification is a nationally recognized certification. It remains the most widely accepted minority business designation in the private sector. With 23 regional councils comprising its national network, the National Minority Supplier Development Council is the preeminent organization for MBEs seeking to do business with America’s top corporations.
Certification with the Southern Region Minority Supplier Development Council (SRMSDC) provides ethnic minority-owned businesses in Alabama, Arkansas, Louisiana and Mississippi with valuable access to:
- Corporate purchasing agents
- Premium networking events and business opportunity fairs
- Discounted or sponsored professional development and training
- Placement on the national supplier database
- Installation on the regional minority business supplier database
- Affordable consulting services and technology platforms
- Free meeting space
- Financial assistance and support
- Access to our weekly communications that highlight all of the events and bidding opportunities by our public and private business partners
- Regional advocacy for ethnic minority businesses
Certified MBE status is the highest level of assurance that an ethnic minority business can attain to demonstrate it is legitimately owned, managed and controlled by an ethnic minority. Certification assures that a business’ legal, financial and management structures are free from any immaterial and material influences that may inhibit ethnic minority businesses owners from making independent and unilateral business decisions. To become a Certified Minority Business Enterprise with SRMSDC, your business must meet the following requirements.
- Must be a US citizen
- Must be a for-profit enterprise.
- Must be at least 51% ethnic minority-owned.
- Must be owned and controlled by the individual(s) belonging to the following groups: Black, Hispanic, Asian/Pacific Islander, Asian Indian, and Native American.
- Must have primary business operations in SRMSDC’s territory (Alabama, Arkansas, Louisiana, and Mississippi).
THE PROCESS FOR BECOMING A CERTIFIED MBE IS AS FOLLOWS
- Click hereto register online to gain access to your Certified MBE application.
- Once registered, you may take as long as necessary to complete the online application. Your information will be saved for your next session and is completely confidential.
- Pay the application fee. You may pay by credit card. The processing of your application will begin when payment is received.
- If you are unable to upload your documentation, send the required documentation through electronic means via email to email@example.com. Please be sure to include your application ID in the email. All documentation must be submitted electronically.
- Application and documents are reviewed for completeness.
- SRMSDC will perform a site visit to review your business premises and conduct a personal interview with the owner(s). This step is carried out by a Certification Specialist and is done with the ethnic minority applicant.
- Committee Review. The Certification Committee meets regularly to review applications for MBE Certification. The Certification Committee must make a recommendation before it can be submitted to the Board for final approval.
- Board Review. The Board will review the Certification Committee’s recommendation and make the final decision. If the Board rejects the application, you may submit a letter of appeal. If approved, you will be notified by email or postal mail.
CERTIFICATION DOCUMENTATION CHECKLIST
Please provide an explanation for any documentation you cannot provide.
All applications become the property of the Council, kept under lock and key, and will not be returned.
– Please include appropriate documentation with the application and indicate which documents are attached. The documentation required for certification is listed below, but is not limited to:
ALL BUSINESSES must SUBMIT:
- Fictitious Business Statement (if applicable)
- Proof of U.S. Citizenship (birth certificate and Drivers License)
- Evidence of ethnicity for Owner(s), Partners, Shareholders (birth certificate)
- Two Years of Federal Tax Returns (Business)**
- Financial Statements (P&L, statement of cash flows, balance sheet)
- Notes Payable (if any)
- Applicable Operating Business License and Permits
- Lease Agreements
- Resume(s) of Owner(s), partners or shareholders
- Equipment Rental and Purchase Agreements (if applicable)
- Work history for the past three years (if appropriate) (name/contact type of work performed or kind of contract received)
- Equipment owned or available (include a description of equipment, year acquired, and current value)
- Proof of Bonding Capacity (if applicable)
- Bank Signature Card (copy signature card or letter from bank)
- Indian/Native Americans Blood Degree Certificate (i.e., tribal registry letter, tribal roll register number) [if applicable]
- Non-refundable processing fee
In addition to the information listed above, all LLCs must SUBMIT the following additional information:
- Income Statement
- Balance Sheet
- Operating License
- Facility Lease Agreement (if any)
- Articles of Organization
- Operational Agreement
- Organizational Agreement
In addition to the information listed above, all PARTNERSHIPS must SUBMIT the following additional information:
- Partnership Agreements
- Buy Out Rights
- Profit Sharing
- Current Partnership
- Financial Statement
- Third-party agreements; management service agreements
- Proof of Capital Investment
In addition to the information listed above, all CORPORATIONS must SUBMIT the following additional information:
- Articles of Incorporation
- Certificate of Corporation
- Minutes of first Board Meeting
- Copies of Stock Certificates
- Current Stock Ledger
- Corporate Bylaws
- Proof of Stock Purchase
*Personal taxes are required for any business applying for certification that has been in business for less than one year, or an existing business that has done no activity.
** Pro forma financial statements to GAAP (Generally Accepted Accounting Principles) standards.
|MBE Classification||Annual Revenue||New Certification Fee||Recertification Fee|
|I||<$1 Million||$450 / annually||$400 / annually|
|II||$1M – $10 M||$650 / year||$600 / year|
|III||$10M – $50 M||$850 / year||$800 / year|
|IV||>$50 M||$1100 / year||$1000 / year|