Qualifications for NYS MWBE Certification
To qualify for New York State certification as a minority and/or women-owned business enterprise (MWBE), an applicant must successfully demonstrate the following through the production of relevant documentation:
- Ownership, Operation and Control: All firms seeking MBE, WBE or MWBE certification must be independently owned, operated and controlled by minority members and/or women. The ownership must be real, substantial and continuing, and the minority members and/or women must exercise the authority to independently control the day-to-day business decisions.
- Personal Net Worth Restriction: Each minority or woman owner upon whom certification is based cannot have a personal net worth exceeding $15 Million after allowable deductions.
These are allowable deductions under the law:
- Primary residence or the mortgage for that residence
- Ownership interest in the applicant firm.
- Ownership interest in a holding company established for the exclusive and sole purpose of leasing machinery, equipment, or vehicles exclusively to the certified minority or women-owned business enterprise, that is majority owned by the minority group member or women relied upon for certification, and the holding company does not own any other assets of any kind.
- Up to $750,000 of any qualified retirement savings plan.
- Attachment A: Personal Net Worth Affidavit (Signed, notarized and dated. Use Attachment B below to determine your personal net worth)
- Attachment B: Auto Calculation Net Worth Worksheet
- Attachment B: Worksheet Instructions
- Waiver Letter – Electricity Distribution
- Waiver Letter – Natural Gas Distribution
- Waiver Letter – Geotechnical Construction Technologies
- Waiver Letter – Mechanical, Electrical, and Plumbing (MEP) Engineering
- Mandatory Supporting Documents: For each minority or woman owner upon which certification is based) Current Personal and Business Federal and State Taxes (Including all schedules, statements and amendments)
- Small Business Restriction: Firms must not employ more than 300 individuals. The Division of Minority and Women’s Business Development calculates the number of employees of a business based upon the average total employees of the business over four calendar quarters.
- Independent, Active and One year in Business: The firm must operate independently of other firms, must demonstrate it is an active business and generally, the business must be in operation for at least one year.
- Out of State Firms: Out of state applicants should be certified as a MWBE in their home state, if a similar process exists, before applying for MWBE certification in New York State.