Our core capabilities
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Our Core Capabilities. Indiana Minority Supplier Development Council. CERTIFY… minority owned businesses and promote the value of certification DEVELOP… stakeholders and build capacity and capabilities CONNECT… certified minority business enterprises with NMSDC corporate members ADVOCATE…

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Our Core Capabilities

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Our core capabilities

Our Core Capabilities

Indiana Minority Supplier Development Council

CERTIFY…

minority owned businesses and promote the value of certification

DEVELOP…

stakeholders and build capacity and capabilities

CONNECT…

certified minority business enterprises with NMSDC corporate members

ADVOCATE…

for minority businesses and promote the value proposition of minority supplier development

Central to achieving NMSDC’s mission are the primary competencies that the NMSDC network must demonstrate excellence in every day.


Who we are

Who we are…

Indiana minority supplier development council

Founded in 1976

Private, non-profit organization

One of 37 councils across the country and

an affiliate of the National Minority

Supplier Development Council (NMSDC)

Facilitated nearly $8 billion in purchases of

goods and services from the MBE community

Certifying entity for MBEs who want to do

business with corporate America

Main office in Indianapolis, IN; Southern

District office in Evansville, IN

Operator of MBDA Business Center, funded by

US. Dept. of Commerce


Nmsdc network 37 councils

Nmsdc network – 37 councils

Indiana minority supplier development council

  • Minnesota

  • Missouri/Kansas (2)

  • Nevada

  • New York/New Jersey (2, plus National)

  • North Carolina/South Carolina

  • Ohio (2)

  • Oklahoma

  • Pennsylvania (2)

  • Puerto Rico

  • Tennessee

  • Texas (3)

  • Virginia

  • Washington

  • Wisconsin

Alabama

Arizona

Arkansas/Mississippi

California (3)

Colorado

Connecticut

Florida (2)

Georgia

Illinois

Indiana

Kentucky/West Virginia

Louisiana

Maryland/DC

Michigan


Our constituents

MBE's With Sales Over 1 Million Dollars by Ethnicity

Asian-

African

Native

$1M - $100M Plus

Asian-Indian

Pacific

American

Hispanic

American

Total

2011

47

23

153

41

8

272

2010

46

31

150

40

9

276

% Change

2%

-26%

2%

3%

-11%

-1%

On average, business with sales over $1M dropped by one percent, or by four firms, over the previous year.

Asian Indian, African American, and Hispanic businesses have consistently grown year over year.

Our constituents

Indiana Minority Supplier Development Council

  • Corporate Members - 127

  • IMSDC Certified MBEs – 244

  • Certified Affiliate MBEs - 185


Certification the definition

Certification – The definition

Indiana Minority Supplier Development council

Certification is a detailed process that qualifies a business of being at

least 51% owned, managed and controlled by a U.S. citizen and meet

the criteria based on the specific certifying entity.

Companies seeking certification must be for-profit businesses.


Purpose of certification

Purpose of certification

Indiana Minority Supplier Development council

Minority Business Enterprise is interested in doing business with corporate America

Provides assurance that the businesses targeted by corporate America’s supplier diversity efforts are the ones reaping the benefits of such

Programs

Identifies “fronts” attempting to mask as bona fide minority-owned businesses


Imsdc certification

imsdc certification

Indiana Minority Supplier Development Council

  • Is a clearing house for Corporations. We provide assurance that the Minority Business Enterprise (MBE) meets the criteria of a bona fiedMinority Business Enterprise.

  • Provides protection for Corporationsthat support inclusion of MBEs in their supplier and vendor pool.

  • Receives opportunities from Corporations. We are the recommended certifying body of choice for Corporate America.


Imsdc certification benefits

Imsdc certification benefits

Indiana Minority Supplier Development council

  • Discounts to National and Local tradeshows and events

  • Reciprocitywith the State of Indiana MBE

  • A national certification allowing one to do business with corporate American throughout the U.S.

  • Immediate inclusion in our MBE Input Committee (MBEIC).

  • Access to custom designed MBE educations programs and trainingopportunities

  • Advocacy

  • Access to the Minority Business Development Agency

  • Access to experienced corporate executives through our SCORE partnership


Who qualifies for certification

Who qualifies for certification?

Indiana minority supplier development council

  • The IMSDC is governed by the NMSDC. Qualifications for certification include:

    • Certification based on 25 percent ethnicity in one of the following categories:

      • African American

      • Asian Indian

      • Asian Pacific

      • Hispanic/Latino

      • Native American

    • 51 percent ownership and control of a company by a minority

    • U.S. citizenship


Who qualifies for certification1

Who qualifies for certification?

Indiana minority supplier development council

  • Companies physically located in the United States or its trust territories

  • Legally formed as a sole proprietor, LLC, Corporation or Partnership

  • Independent of a non-minority individual or company

  • Company must be for-profit


Certification application at a glance

Certification application at a glance

Indiana minority supplier development council

  • Questions 1 – 18

    • General Company Information

  • Questions 19 – 21

    • Prior/Other Certification Information

  • Questions 22 - 24

    • Other Company Information

  • Question 25

    • Acquisition/Purchase Information

  • Questions 26, 28

    • Company Owner Information

  • Question 29 – 30

    • Company Resources

    • Management Information

  • Questions 31 – 32

    • Company Reference Information

  • Questions 33 – 41

    • Information Based on Business Type

  • Questions 42 – 43

    • Tax Documentation, Schedules and Capital Contributions

  • Questions 44 – 49

    • Subsidiary and Legal Information

  • Document Attachments

    • Requirements of All Businesses

    • Requirements Based on Business Structure

  • Declaration and Affidavit


Certification process flow

Certification process flow

Indiana minority supplier development council

Step 1: Complete Application

Step 2: Initial Review & Desk Audit

Step 3: On-Site Visit

Step 4: Certification Committee Review

Step 5: Board of Directors Approval

Step 6: MBE Notification

Step 7: New MBE Orientation


Indiana minority supplier development council

Indiana minority supplier development council


Facts and common myths

Facts and common myths

Indiana minority supplier development council

Certification guarantees that I will get contracts with corporations

I only have to be certified once

I should engage in IMSDC activities and events as much as possible

If I certify with one council I am certified with all councils

There is value in my certification

Once I become certified I am a “member” of IMSDC

Certification with IMSDC is free

Women owned businesses are recognized as MBEs

IMSDC certifies Joint Ventures

Certification takes 60 – 90 days

I have to be in business for one (1) year before I can be certified

My certification can help grow my business


Recommendations to applicants

Recommendations to applicants

Indiana minority supplier development council

  • Ask questions for clarity, before starting the application process;

  • Read the entire application to know the documentation required;

  • Follow the instructions and submit the application in the checklist order;

  • Do not leave blank spaces on the application. If something does not apply, indicate “N/A”;

  • Submit application well in advance of the “need by” deadline;

  • Be patient, this is process;

  • Submit additional requested information by the deadline;

  • Keep a copy for your records.


Common areas of difficulty

Common Areas of difficulty

Indiana minority supplier development council

Financials

  • Cash Flow, Balance Sheet and Profit and Loss Statements

  • Google for templates and examples

    Operating Agreements/Corporate By-Laws/Partnership Agreements, etc.

  • Google for templates and examples


How to reach us

How to reach us

Indiana minority supplier development council

  • On the web

    • www.imsdc.org

    • www.nmsdc.org

  • By phone

    • 317.923.2110 (Indianapolis)

    • 812.401.9525 (Evansville)

  • Office locations

    • 2126 N. Meridian Street, Indianapolis IN 46208

    • 3700 Bellemeade Ave., Suite 116, Evansville, IN 47714

    • Coming soon….Northern Indiana


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