Depending on the nature of the business, there are several types of certifications available today. Common certifications include: minority business enterprise (MBE); women business enterprise (WBE); disadvantaged business enterprise (DBE); SBA 8(a); HUBzone; veteran-owned small business (VOSB); service disabled veteran-owned small business (SDVOSB); women-owned small business (WOSB); business enterprises-owned by people with disabilities (BEPD) and “small business.”
While each certification has different criteria, there are similar criteria for many. For instance, all companies must be at least 51-percent owned by a person or a group claiming the certification status.1 The 51-percent owner must have unfettered control of the company. For federal and DBE certifications, the company must be a “small business” as determined by the Small Business Administration (SBA). A federal SDVOSB requires the business be “small,” at least 51 percent owned and operated by one or more service-disabled veterans whose management and daily business operations are controlled by service-disabled veterans, and the disability be service connected. While a HUBzoned firm must also be “small,” the criteria includes the location of the business and home addresses of the firm’s employees. State corporate laws and licensing laws are also criteria used to review applications for certification. There are special criteria that must be met depending on the certification type. For instance, while a 51- percent owner must have a personal net worth under $750,000 for DBE certification, the SBA 8(a) certification requires that the 51-percent owner have a personal net worth under $250,000.
Federal, state and local government agencies also have different gross business receipts criteria for determining small business certification eligibility.More information for your convenience:
For more information on diversity designations and certifications, visit the following websites:
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Licensed Real Estate Broker and Licensed Real Estate Appraiser that is currently contracted with HUD, Housing & Urban Development (since 2016) under the direction of Raine Company – Asset Manager. Acting as a Listing Broker to manage and sell HUD – Government Owned Properties. In addition, contracted with Putnam County Government since October 2013 to be a Foreclosure Listing Broker for their Commercial and Residential Properties. Previously worked with Ocwen Asset Manager to market residential properties. Memberships: NRBA, Res.Net, Computershare, Homepath Contracted with US Military-Real Estate Division from 2011 to 2015 under the direction of Sutalia Townsend. Responsibilities consisted of securing Commercial Spaces for Lease throughout Westchester, Putnam, Dutchess and Rockland for their Armed Forces Military Career Service Centers. Contracted with the Mahopac Central School District since March 2019 to be a Listing Broker for their Commercial Properties. Contracted with the United Methodist Church to handle the distribution of their Commercial and Special Use Assets. Owned and Operated a Real Estate Brokerage since 2007. Provide Clients 24 hour turn around time and very accurate BPO’s with 98% list to sale price ratio completed in house. Full knowledge and experience with REO handling: BPO’s Cash for Keys, Solid relationships with Asset Managers, Handle Evictions, Property Management, Appraisers and Cooperate with Real Estate Brokers and Agents. Asset Managers contact me directly anytime. Solid support staff to assist in day to day details pertaining to ordering utilities on/off, getting bids for repair work, securing properties and checking on occupancy status, getting appraisers and workmen into properties, handling damage assessments. Professional Photography utilized with comprehensive marketing plan for all assets.