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Houston Minority Business Council

Houston Minority Business Council. A Powerful Connection. HMBC Mission. To actively involve its members in efforts that will increase and expand business opportunities and business growth for Minority Business Enterprises. HMBC Membership Facts Ethnic Status.

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Houston Minority Business Council

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  1. Houston Minority Business Council A Powerful Connection

  2. HMBC Mission To actively involve its members in efforts that will increase and expand business opportunities and business growth for Minority Business Enterprises

  3. HMBC Membership Facts Ethnic Status

  4. HMBC Membership Facts Business Type

  5. HMBC Membership Facts Capability Business Structure

  6. Years In Business

  7. How HMBC works for MBEs • Provides Nationwide referrals to corporations • Develops corporate support for minority business opportunities • Houses the Houston Minority Business Development Center with experienced Business Consultants • Offers technical assistance and training through educational development seminars and scholarships

  8. How HMBC works for Corporations • Certifies genuine minority business enterprises • Provides up-to-date referrals to corporate members seeking MBEs to fulfill product or service needs • Provides assistance in establishing minority business development programs • Sponsors buyer trainings to assist in achieving purchasing goals • Functions as a clearinghouse for information related to minority business development programs

  9. HMBC’s Three-Fold Approach • Maximize added value of MBEs • Increase visibility and exposure to opportunities • Assist in establishing credibility for MBEs

  10. Network Maximize Added Value • Provide Information • Newsletter • Legislative Updates • Quick Faxes & E-mails • Business Opportunity Conferences • Industry Best Practices • Guide to Member Services

  11. Educate Suppliers MBE Executive Business Scholarships Educational Development Seminars EXPO Preparation Seminars Strategic Teaming Forums Second Tier Programs Professional Services Forums Maximize Added Value

  12. Maximize Added Value • Surround with Resources • Quarterly Orientations • Business Consortium Fund • Corporate Mentor Program • On-Site Business Consultants

  13. Increase Visibility and Exposure • MBE Member Directory • Online Directories • Professional Services Website • Quarterly Networking Luncheons • Quarterly MBE Mini-Trade Fairs • Annual Sports Classic

  14. Increase Visibility and Exposure • EXPO Business Opportunity Market Place September 9, 2004 f 8:00 a.m. - 4:00 p.m. George R. Brown Convention Center • Second Tier EXPO for Prime Suppliers • EXPO One-to-One Sessions • EXPO Reception

  15. Build Credibility • Become Involved • Attend Events • Leverage HMBC’s Reputation • Utilize Industry Best Practices • Promote the Validity of Certification

  16. HMBC’s Certification Process Step 1: Complete Application Step 2: Initial Review & Desk Audit Step 3: Site Visit Step 4: Certification Committee Review Step 5: Board of Directors Approval

  17. Certification Documentation • Proof of minority status & citizenship • Birth certificate • US passport • Drivers license with voter registration card • Resumes of all principals, key employees and stockholders • Prior Year’s federal tax return including schedules • Current financial statement • Balance and income statements • Assumed name certificate in the county of residence

  18. Certification Documentation • Partnership agreement • Must show 51% of business is owned and controlled by the minority applicant including buy-out rights and profit sharing agreements • Certificate of incorporation or organization • Articles of incorporation and bylaws with amendments • Minutes of organizational meeting and last meeting where officers were elected • Both sides of stock certificates including the next consecutive number that is not issued • Stock transfer ledger and stock options outstanding • All agreements that restrict ownership and control

  19. Certification Made Easy City of Houston Private Corporations HMBC State of Texas (HUB) Regional Minority Supplier Development Council (NMSDC)

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