Certification Benefits The ChicagoMSDC has more than 1,100 certified MBEs in … BEP certification with the State of Illinois can also open the door to opportunities with other public and private entities which are looking for diverse suppliers. Minority Business Enterprise Certification with the National Minority Supplier Development Council (NMSDC), a private third-party that certifies minority-owned businesses on behalf of U.S. corporations or MBE certification through city, county or state programs. To take advantage of these programs, you need to be on their radar by getting officially certified as a Minority-Owned Business or Minority Business Enterprise (MBE). In supplier diversity, corporations and government agencies value and track certified minority business enterprises (MBEs). However, meeting the requirements for obtaining WBE certification can be challenging for a small business. Certification helps the government and Certification requirements for a women's business enterprise (WBE) Getting certified as a women owned business can significantly help your business grow by gaining access to new customers or increased business from your existing customers. This occurs when non-minority institutional investors contribute a majority of the firm’s risk capital (equity). A minority business may be certified as a minority “controlled” enterprise if the minority owners own at least 30% of the economic equity* of the firm. City … Business Enterprise Program (BEP) BEP assists businesses owned by minorities, women and people with disabilities gain access to the State of Illinois procurement process. The Business Enterprise Program (BEP) Council was established to help implement, monitor and enforce the goals of the Business Enterprise for Minorities, Females and Persons with Disabilities Act. Applications for certification for women's and minority businesses: Illinois Department of Transportation - one of the five state agencies participating in the Illinois Unified Certification Program (IL UCP) Cook County Illinois MBE/WBE/VBE Certification Process. Chicago's Minority and Women-Owned Business (M/WBE) Certification Program demonstrates the City's continued commitment to the success of minority-and women-owned businesses by offering certification opportunities to MBE and WBE firms. BEP is committed to fostering an inclusive and competitive business environment that will help business enterprises increase their capacity, grow revenue and enhance credentials.
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