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Minority owned business certification.
How to register a minority owned business in texas. This shows first that the business is credibly established and second that it is ready to work with large public and private entities. Texas sba enables business owners to give purchasing managers contractors lenders customers and others business partners evidence their company is owned by one of more minorities 1 and is registered with minority owned business certification. Texas hubs are listed as sources for state purchasing and public works contracts. The 8 a program offers a broad scope of assistance to firms that are owned and controlled at least 51 by socially and economically disadvantaged individuals. The 8 a business development program is a business assistance program for small disadvantaged businesses.
To qualify for hub status a business must be at least 51 percent owned by women minority members or service disabled veterans who reside in texas and actively participate in the business. The certification division verifies that the minority and or woman business applicant owns manages and controls the day to day operations of the for profit business in compliance with the mbe wbe procurement program ordinance chapter s 2 9 a b c and d of the city code. Texas sba enables business owners to give purchasing managers contractors lenders customers and others business partners evidence their company is owned by one of more minorities 1 and is registered with minority owned business certification. For more information on how to qualify and register as a hub please visit the texas comptroller s office website. However if a business wants its operation to be formally recognized as a minority owned business or enterprise it should seek to get an official certification.
Minority owned business requirements learn more state agencies as well as organizations like the small business administration and national minority supplier development council offer certifications to help minority owned businesses obtain government or private sector contracts.
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