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Step 1
Only certain types of business should apply for this certification. It isn't really a worthwhile process for a consumer-based business. However, if your business is more business-to-business and contract-based, then this will reap big rewards.
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Step 2
Your business should be independently-owned and running on a 'for profit' basis. Not-for-profit organisations can benefit from a vast range of grants and loans - but this certification does not gain anything for them.
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Step 3
Your business must be physically located in the United States.
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Step 4
A majority of owners, that's more than 51 percent, must come from minority backgrounds, including Native American, Asian-Pacific, Asian-Indian, Black and Hispanic. US Citizens applying must be able to provide documentation that they are at least 1/4 any one (or more) of these minority backgrounds.
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Step 5
The business should be controlled and operated by minorities, too. And you will be asked to demonstrate this within your application.
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Step 6
Your state portal will be able to connect you to agencies in your area involved in Minority Owned Business Certification.
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Step 7
Processes vary from state to state, but normally documentation must be signed before a notary public. So, it's worth making yourself aware of individuals certified to witness affadavits.
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Step 8
Application fees must be paid at time of submission. This varies from state to state - but it normally sits in the region of $150-175.
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Step 9
A length of time for processing of your application should be allowed for. This also varies from state to state, but normally does not exceed 120 days.
