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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…

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Our Core Capabilities

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  1. 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.

  2. 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

  3. 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

  4. 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

  5. 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.

  6. 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

  7. 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.

  8. 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

  9. 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

  10. 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

  11. 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

  12. 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

  13. Indiana minority supplier development council

  14. 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

  15. 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.

  16. 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

  17. 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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