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Cover. Women & Minority Business Opportunities SBA Business Matchmaker June 17th and 18th, 2003. Hedy Ratner hratner@wbdc.org Extension 17 Kristin Johnson kjohnson@wbdc.org Extension 18. 8 South Michigan Suite 400 Chicago, IL 60603-3306 p (312) 853-3477 f (312) 853-0145

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  1. Cover Women & Minority Business Opportunities SBA Business Matchmaker June 17th and 18th, 2003 Hedy Ratner hratner@wbdc.org Extension 17 Kristin Johnson kjohnson@wbdc.org Extension 18 8 South Michigan Suite 400 Chicago, IL 60603-3306 p (312) 853-3477 f (312) 853-0145 http://www.wbdc.org

  2. Public Sector Marketplace • The Federal government purchases nearly $200 billion in goods and services • WBE Goal: Not less than 5% awarded to women owned businesses • WBEs secured $4.6 billion in fed. prime contracts

  3. Public Sector Marketplace • Federal Government Purchasing Goals: • Small - 23% • SDB - 5% • Women Owned - 5% • Service Disabled Vet - 3% • HubZone - 2.5%

  4. Private Sector Marketplace • Major corporations, as well as medium-to-small corporations, often inherit diversity purchasing goals from government agencies with whom they do business • Some major corporations also strive to do business with their typical customer which is often women and minorities (i.e., Sears, Ford).

  5. Federal Certifications • SBA 8(a) Certification Program • Small Disadvantage Business (SDB) Certification • HUBZone Certification • Women Owned Business (WOB) - Self Certify

  6. Federal Certifications SBA offers the following certifications: • 8a • Benefits: sole source contracts, additional contracting support programs, also receive SDB • Criteria: Socially and economically disadvantaged, 2 years in business, direct ownership of company, U.S. citizen, personal net worth below $250K • SDB • Benefits: 10% price preference on certain contracts • Criteria: Socially and economically disadvantaged, direct ownership of company, U.S. citizen, personal net worth below $750K

  7. Federal Certifications SBA offers the following certifications: • HubZone • Benefits: sole source contracts, 10% price preference on certain contracts • Criteria: Business is located in a HubZone and at least 35% of employees live in a HubZone, U.S. citizen

  8. Certification in Illinois GOVERNMENT AGENCIES: • City of Chicago (DBE, MBE, WBE) • Cook County (MBE, WBE) • State of IL (MBE, PBE, FBE) • Chicago Transit Authority (DBE) • Illinois Department of Transportation (DBE) • METRA (DBE) • PACE (DBE)

  9. Certification in Illinois NON-GOVERNMENTAL, THIRD PARTY CERTIFICATIONS: • Women’s Business Development Center (WBE) • Chicago Minority Business Development Council (MBE)

  10. Certification in Illinois Benefits of WBDC and CMBDC: • + National Recognition by Corporate America • + Accepted by State of IL, City of Chicago, Chicago Park District, Chicago Housing Authority, City Colleges, City of Evanston, Village of Oak Park, Metropolitan Pier and Exposition Authority, • + Provides assistance to help utilize certification • + Typically faster, more user-friendly process • - Annual Fee

  11. FOUR MAIN AREAS OF CRITERIA (typical to most MBE/WBE/DBE certifications): Ownership Real & substantial Shares in risks and profits Contribution of Capital and Expertise Operation & Control Managerial and Operational Independence DBE Only - Personal net worth below $750K Will I Qualify?

  12. Where You Should Certify... ...Depends on Your Target Market • Public Sector - Go directly to agency with whom you want to do business • Private Sector - WBDC or CMBDC

  13. Chicagoland Business Link • An online community for diverse suppliers and buyers from corporations and government agencies - funded by the SBA • Allows you to profile your business • Information about business opportunities e-mailed to you • www.ChicagolandBusinessLink.com

  14. WBDC Procurement Services • Automatic Bid Matching Services • Assistance with Certifications • Direction in locating contracting information • Review of bid package prior to submittal

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