In the tri-state area, New York and New York City offer the most comprehensive programs for MWBEs. For example, certified minority and woman owned businesses have acess to training and other resources, bonding opportunities and a number of sponsored loans and grants. Further, the State of New York has the most aggressive MWBE participation goals […]
Month: July 2018
Crowdfunding: A Viable Source of Capital for Women Entrepreneurs
Historically, access to capital is a greater challenge for woman and minority owned businesses than it is for businesses owned by non-minorities and/or males. Woman and minority business owners, for example, are less likely to qualify for traditional financing, and when they do, they receive smaller loans at higher interest rates. These challenges are particularly […]
What Is the Florida Supplier Diversity Exchange?
Like many states in the U.S., Florida has established goals for the utilization of disadvantaged business enterprises in the state. Overseen by the Office of Supplier Diversity, the Florida program seeks to increase participation by woman, minority and veteran owned businesses in government contracts through a certification process similar to that in New York. The […]
Need Guidance? Apply for the NYS MWBE Mentor-Protege Program
Like all entrepreneurs, minority and women business owners can benefit from on-the-job training in their field. But finding a mentor who is willing and able to provide that kind of learning can be challenging, especially for MWBEs. That’s one reason why the State of New York established the Mentor-Protege Program, which connects qualified mentors who […]