Presentation is loading. Please wait.

Presentation is loading. Please wait.

Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC) 2011 – 2012 NMSDC Council of the Year Andrew D. Nash Director, Operations.

Similar presentations

Presentation on theme: "Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC) 2011 – 2012 NMSDC Council of the Year Andrew D. Nash Director, Operations."— Presentation transcript:

1 Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC) 2011 – 2012 NMSDC Council of the Year Andrew D. Nash Director, Operations

2 About Us… The D/FW MSDC celebrates its 39 th Anniversary D/FW MSDC is a non-profit organization advocacy organization ( One of 37 regional councils in the National Minority Supplier Development Council (NMSDC) network ( Stakeholders –Buying Entity Partners, Certified MBEs, and Council Staff

3 Mission To grow minority business revenues (access, opportunities, capabilities and utilization) in North Texas. – Access: industry groups, board working groups, special events and networking. – Capabilities: Education and Training development, teaming, etc. – Utilization: Promoting relationship development

4 Criteria for Certification For purposes of NMSDC's program, a minority group member is an individual who is a U.S. citizen with at least 1/4 or 25% minimum (documentation to support claim of 25% required from applicant) of the following: – Asian-Indian A U.S. citizen whose origins are from India, Pakistan and Bangladesh. – Asian-Pacific A U.S. citizen whose origins are from Japan, China, Indonesia, Malaysia, Taiwan, Korea, Vietnam, Laos, Cambodia, the Philippines, Thailand, Samoa, Guam, the U.S. Trust Territories of the Pacific or the Northern Marianas. – Black A U.S. citizen having origins in any of the Black racial groups of Africa. – Hispanic A U.S. citizen of true-born Hispanic heritage, from any of the Spanish-speaking areas of the following regions: Mexico, Central America, South America and the Caribbean Basin only. Brazilians shall be listed under Hispanic designation for review and certification purposes. – Native American A person who is an American Indian, Eskimo, Aleut or Native Hawaiian, and regarded as such by the community of which the person claims to be a part. Native Americans must be documented members of a North American tribe, band or otherwise organized group of native people who are indigenous to the continental United States and proof can be provided through a Native American Blood Degree Certificate (i.e., tribal registry letter, tribal roll register number).

5 Criteria for Certification (cont’d) A minority-owned business is a for-profit enterprise, regardless of size, physically located in the United States or its trust territories, which is owned, operated and controlled by minority group members. "Minority group members" are United States citizens who are Asian, Black, Hispanic and Native American. Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals. Further, the management and daily operations are controlled by those minority group members.

6 Required Documentation Proof of ethnicity – Birth certificate or tribal card/registry for Native Americans Proof of citizenship – Birth certificate – US passport – US Immigration & Naturalization

7 Required Documentation (cont’d) Proof of ownership – Assumed Name Certificate (doing business as) for sole proprietors – Articles of Organization/Incorporation – Operating Agreement/By Laws/ Regulations – Partnership Agreement – Buy-Out Agreement – Management Agreement – Stock certificates (front and back), stock ledger – Proof of purchase/investment (cancelled checks)

8 Required Documentation (cont’d) Financial Matters – Two (2) years tax returns for business or personal maybe used in lieu of business for new companies – Balance Sheet – Profit & Loss Statement – Income Statement – Copy of Bank signature card for Business Account

9 Required Documentation (cont’d) Equipment list – if applicable Lease agreements – for property and equipment Resume(s) for owner(s) Company profile

10 Other Certifications North Central Texas Regional Certification Agency (NCTRCA) – It is the policy of all the public entities which are part of the North Central Texas Regional Certification Agency (NCTRCA) that Disadvantaged Business Enterprises (DBEs), Minority Business Enterprises (MBEs) and Woman-owned Business Enterprises (WBEs) have the maximum practical opportunity to participate in their contracting and purchasing activities. Women’s Business Council – Southwest (WBCS) – Through the Women’s Business Council – Southwest (WBCS), a partner organization of WBENC, your business can apply for a certification that is accepted by hundreds major corporations, not-for-profit organizations, as well as many local, state, and Federal government agencies. State of Historically Underutilized Business (HUB) -

Download ppt "Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC) 2011 – 2012 NMSDC Council of the Year Andrew D. Nash Director, Operations."

Similar presentations

Ads by Google