By Christopher Engel, Krieg DeVault LLP
According to The Business Journals, there are more than 11 million minority-owned businesses in the United States nearly double the number of such businesses just 10 years ago, which employ 6.3 million people and generate more than $1.8 trillion in revenue annually.
The Office of Minority & Women Business Development (OMWBD) certifies minority-, women-, veteran- and disability-owned business enterprises (collectively, XBEs) for the City of Indianapolis & Marion County’s XBE Utilization Program. To be certified, a business must meet the following requirements:
- The business must be headquartered in Indiana
- The business must be at least 51% owned by a minority, woman, veteran, or individual with a disability
- All qualifying members must be citizens or permanent residents of the United States
- The business must be an established business registered with the Indianapolis Purchasing Division of the Office of Finance and Management before submitting a certification application
- The business must be a for-profit organization
- The business must meet the certification standards as outlined in 49 CFR Part 26
Are you familiar with the process and steps required in order to become a certified business with the OMWBD? Would you like to learn more about the certification process? If so, please join the IndyBar Business Law Section May 30th to learn the process in order to help your clients succeed at becoming a certified business with the OMWBD and carry on their vision of creating and promoting a culture of inclusiveness for business opportunities, economic growth, and sustainability for Minority-, Women-, Veteran- and Disability-Owned Business Enterprises.
Business Law Skills Series: Certification with the City of Indianapolis & Marion County’s XBE Utilization Program (1 General Credit)
Featuring Fahad Beg and Camille Blunt, both of the City of Indianapolis Office of Minority & Women Business Development
Wednesday, May 30, noon to 1 p.m. IndyBar Education Center
If you would like to submit content or write an article for the Business Law Section, please email Kara Sikorski at firstname.lastname@example.org.