Docstoc

Business Worth

Document Sample
Business Worth Powered By Docstoc
					Dallas/Fort Worth Minority Business Council
                 (D/FW MBC)
                Certification for ethnic
           Minority Business Enterprise (MBE)
About Us…

• The D/FW MBC celebrates its 35th Anniversary
• D/FW MBC is a non-profit organization advocacy
  organization (www.dfwmbc.com)
• One of 39 regional councils in the National
  Minority Supplier Development Council (NMSDC)
  network (www.nmsdc.org)
• Stakeholders –Buying Entity Partners, Certified
  MBEs, and Council Staff
Mission

• To grow minority business revenues (access,
  opportunities, capabilities and utilization) in
  North Texas.
  – Access: industry groups, board working groups,
    special events and networking.
  – Capabilities: Education and Training development,
    teaming, etc.
  – Utilization: Promoting relationship development
Criteria for Certification
• For purposes of NMSDC's program, a minority group member is an
  individual who is a U.S. citizen with at least 1/4 or 25% minimum
  (documentation to support claim of 25% required from applicant)
  of the following:
   –   Asian-Indian A U.S. citizen whose origins are from India, Pakistan and
       Bangladesh.
   –   Asian-Pacific A U.S. citizen whose origins are from Japan, China, Indonesia,
       Malaysia, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Thailand,
       Samoa, Guam, the U.S. Trust Territories of the Pacific or the Northern
       Marianas.
   –   Black A U.S. citizen having origins in any of the Black racial groups of Africa.
   –   Hispanic A U.S. citizen of true-born Hispanic heritage, from any of the
       Spanish-speaking areas of the following regions: Mexico, Central America,
       South America and the Caribbean Basin only. Brazilians shall be listed under
       Hispanic designation for review and certification purposes.
   –   Native American A person who is an American Indian, Eskimo, Aleut or Native
       Hawaiian, and regarded as such by the community of which the person claims
       to be a part. Native Americans must be documented members of a North
       American tribe, band or otherwise organized group of native people who are
       indigenous to the continental United States and proof can be provided through
       a Native American Blood Degree Certificate (i.e., tribal registry letter, tribal
       roll register number).
Criteria for Certification (cont’d)
• A minority-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 minority group members. "Minority
  group members" are United States citizens who are
  Asian, Black, Hispanic and Native
  American. Ownership by minority individuals 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 minority group
  members.
Required Documentation

• Proof of ethnicity
  – Birth certificate or tribal card/registry for Native
    Americans
• Proof of citizenship
  – Birth certificate
  – US passport
  – US Immigration & Naturalization
Required Documentation (cont’d)

• Proof of ownership
  – Assumed Name Certificate (doing business as) for
    sole proprietors
  – Articles of Organization/Incorporation
  – Operating Agreement/By Laws/ Regulations
  – Partnership Agreement
  – Buy-Out Agreement
  – Management Agreement
  – Stock certificates (front and back), stock ledger
  – Proof of purchase/investment (cancelled checks)
Required Documentation (cont’d)

• Financial Matters
  – Two (2) years tax returns for business or personal
    maybe used in lieu of business for new companies
  – Balance Sheet
  – Profit & Loss Statement
  – Income Statement
  – Copy of Bank signature card for Business Account
Required Documentation (cont’d)

•   Equipment list – if applicable
•   Lease agreements – for property and equipment
•   Resume(s) for owner(s)
•   Company profile
The Process
• Initial internal review of the application
• Request for additional or supporting documents if necessary
• Certification Committee review
   – Recommendation from committee for either additional documents; or
   – Recommendation from committee for site visit
• Site visit conducted
   – Recommendation to Board of Directors to certify or deny
• Board Votes
   – Certify
   – Deny
• Notification for New Supplier Orientation
   – Certificate issued at conclusion of Orientation
   – Payment of certification fee $250 due at Orientation
The Value of Certification

• Access to influential procurement executives,
  buyers, and end-users
• National Certification as an affiliate of NMSDC –
  listed in database of over 15,000 certified MBE
  suppliers throughout the US, Puerto Rico, and
  Canada.
• State of Texas and D/FW MBC Memorandum of
  Understanding
  – Electronic download to the State of Texas –
    Historically Underutilized Business program office
  – HUB certificate issued directly from Austin
Resources
• Dallas/Fort Worth Minority Business Council
    – www.dfwmbc.com
• National Minority Supplier Development Council
    – www.nmsdc.org
• SME Toolkit - The SME Toolkit offers software, business forms,
  training, and more to help small businesses in emerging markets
  grow and succeed.
   It’s free and easy to use. Just search or browse the categories for
  the information you need.
    – www.smetoolkit.org
• FREE Certification Application Workshop – Council Offices – 1st
  Tuesday of every month – 3:30 pm – 4:30 pm.
• New Member/New Supplier Orientation – 1st Tuesday of every
  month 9:30 am - 10:30 am
Who to Contact
• Margo J. Posey, President margo@dfwmbdc.com
• Andrew D. Nash, Director of Operations andrew@dfwmdbdc.com
• Lisa Morgan, Membership Services Manager lisa@dfwmbdc.com
• Hina Khawar, Sourcing Specialist sourcing@dfwmbdc.com
• Sharon Richardson, Plan Room Coordinator
  construction@dfwmbdc.com
• Silvanna Betoncur, Executive Assistant admin@dfwmbdc.com
                    2710 N. Stemmons Freeway
                      North Tower, Suite 900
                         Dallas, TX 75207
                         Ph. 214-630-0747
                         Fax 214-637-2241
                        www.dfwmbc.com

				
DOCUMENT INFO
Description: Business Worth document sample