A Summary of Minority Business CCBA Certification
There are minority Business certificates available to assist small businesses in getting additional work. Some are from the national government, others local authorities, and even some which are third party certifiers for the corporate world. Following is a quick summary of some certificates that a minority small company can pursue.
The ccba certification is a designation given by the United States Small Business Administration (SBA). The program is for socially and economically disadvantaged small businesses. The financial disadvantage is readily determined measuring company revenues and the operator’s net worth. The socially disadvantaged part might be more difficult to determine as a story must be filed with anecdotal evidence that the company is disadvantaged due to the ownership. There’s a predetermined collection of ethnic minorities that could have an easier time becoming certified than others. Once certified a company and owner has a once in a lifetime period of nine years to leverage the 8(a) certification for government business.
The SBA 8(a) is Possibly the premier minority certificate and can help out with getting other certifications.
- The SBA HUBZone stands for Historically Underutilized Business Zone. It is a geographical designation and a company is permitted to moved its company primary offices into a designated zone to be eligible. A HUBZone is set by the last census to locate regions with high unemployment and/or high levels of poverty. Then companies that have their principal office and a specific quota of employees who reside in these zones qualify for the certificate. This certificate can help get federal contracts.
- Many states, Municipalities, counties, etc. and their agencies have their own certification for their jobs and contracts. Many times they take other certificates instead of going through their own certifying procedure.
- Minority Supplier Development Council. The National Minority Supplier Development Council (NMSDC) includes several regional councils that certify companies as being minority owned. This is a personal certification which is used by Fortune 500 type companies diversify their vendor base. The regional councils typically have strong relationships with corporations with a presence in their area, allowing certified minority owned small businesses an opportunity to get more work.