vendor education seminar and networking event

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Vendor Education Seminar and Networking Event June 19, 2013 * Spokane Convention Center *Mick Matsuzawa [email protected] Office of Minority and Women’s Business Enterprises (OMWBE)

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June 19, 2013 * Spokane Convention Center *Mick Matsuzawa [email protected] Office of Minority and Women’s Business Enterprises (OMWBE). Vendor Education Seminar and Networking Event. Vision Statement - PowerPoint PPT Presentation

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Page 1: Vendor Education Seminar and Networking Event

Vendor Education Seminar and Networking Event

June 19, 2013 * Spokane Convention Center*Mick Matsuzawa [email protected]

Office of Minority and Women’s Business Enterprises (OMWBE)

Page 2: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Mission Statement

To create and sustain a competitive and fair business environment for contracting and procurement opportunities

that includes small businesses owned by minority, women, and socially and economically disadvantaged people.

Vision Statement

To contribute to a vital Washington economy which includes minority, women and socially and economically

disadvantaged businesses.

Page 3: Vendor Education Seminar and Networking Event

Diversity Works in Washington

History Established in 1983

MBE/WBE under represented in contracting

Increase state spending with agencies and educational institutions

Page 4: Vendor Education Seminar and Networking Event

Diversity Works in Washington

What does OMWBE do? Certification

State Federal

Database Management

Business Development/ Agency Support

Linked Deposit Program

Page 5: Vendor Education Seminar and Networking Event

Diversity Works in Washington

OMWBE CertificationsState Certifications Federal Certifications

Minority Business Enterprise (MBE)

Women’s Business Enterprise (WBE)

Minority Women’s Business Enterprise (MWBE)

Combination Business Enterprise (CBE)

Socially and Economically Disadvantaged Business Enterprise (SEDBE)

Disadvantage Business Enterprise (DBE)

Airport Concessionaires Disadvantaged Business Enterprise (ACDBE)

Small Business Enterprise (SBE)

Page 6: Vendor Education Seminar and Networking Event

Diversity Works in Washington

CertificationsState and Federal

OMWBEState• MBE• WBE or MWBE• CBE

Federal (Hwy, Transit, FAA)

• DBE• ACDBE• SBE

OTHERSeattle, Tacoma, Ports, King Cty• Seattle WMBE• SCS Small Contractor and Supplier

Certification

Federal • SBA 8(a)• HubZones• SDB

National Organizations• NMSDC• WBENC

Page 7: Vendor Education Seminar and Networking Event

Diversity Works in Washington

What are the Benefits of Certification? Helps firms do business with:

State agencies and schools Federal agencies Private sector entities

Certified firms are more attractive to public buyers as they count towards M/W/DBE participation goals

Certified firms are listed on OMWBE’s online directory

State certified firms are eligible for the LDP

Page 8: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Elements of CertificationM/WBE For Profit Business SBE For Profit Business DBE for Profit Business

US Citizenship/Permanent Resident

US Citizenship/Permanent Resident

US Citizenship/Permanent Resident

Eligible Owner Race and Gender Neutral Eligible Owner

Ownership Ownership OwnershipManagerial Control Managerial Control Managerial Control

Operational Control Operational Control Operational Control

Intertwinement Independence Independence

Size Size Size

Commercially Useful Function

Personal Net Worth (PNW) Personal Net Worth PNW)

Licensing

Page 9: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Eligible Owners Women

African American/ Black American

Hispanic American

Native American /HI/Ak

Asian-Pacific American

Subcontinent Asian American

Socially & Economically Disadvantaged Individuals (case-by-case)

Page 10: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Eligibility Criteria: SBE/ DBESmall businesses must meet the following requirements:

– The eligible owner (s) controls 100% of the firm. An "eligible owner" is an individual who meets the requirements.

– The eligible owner's personal net worth does not exceed $1.32 million.– The eligible owner(s) is actively involved in the day-to-day management and control of the firm, as well

as the delivery of its products and services.– The firm is a bona fide existing business that performs work for the purpose of making a profit. A newly

formed firm may be certified. Not-for-profit organizations are not eligible to be certified as SBEs.– The firm is independent as indicated by the absence of control or influence of a non-SBE firm. The firm

does not share personnel, facilities, equipment, financial or other resources with a non-SBE firm. The firm is not "affiliated" with a non-SBE firm as defined by Small Business Administration Regulations, 13 CFR part 121.

– The firm seeking SBE certification must cooperate fully with the Department's requests for information relevant to the certification process. Failure or refusal to provide such information may result in denial or removal of certification.

– Firms interested in applying for certification must submit a completed application and Certification Affidavit to OMWBE. OMWBE will review the completed application and notify the applicant in writing of its decision within ninety (90) days.

Page 11: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Website www.omwbe.wa.gov

Page 12: Vendor Education Seminar and Networking Event

Diversity Works in Washington

OMWBE Online Directory

Page 13: Vendor Education Seminar and Networking Event

Diversity Works in Washington

OMWBE Online Directory

Page 14: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Linked Deposit Program (LDP)

1993 Legislature – Minority and Women Owned Business Assistance Act

Links the deposit of state funds to loans made by participating financial institutions to qualified M/WBE firms

Page 15: Vendor Education Seminar and Networking Event

Diversity Works in Washington

How does the LDP work? The deposit of state funds is made at below market

rates.  The savings are then passed on by the bank to the Linked Deposit borrowers in the form of an interest rate reduction not to exceed two percent (2%).

The State Treasurer is authorized to use up to $175 million (as of 6/12/08) of the State's short-term surplus funds to purchase certificates of deposit in an amount equivalent to the amount financial institutions loan to certified minority and women's business enterprises.

Page 16: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Qualifying LDP Loans Firm must be State Certified

$1 million per-loan maximum; no limit on the number of loans a firm may have

$5 million lifetime limit of LDP enrolled loans

Loan term: Up to 10 years

Firms must satisfy their bank's financing/loan criteria

Participants decertified by OMWBE will have their loans removed from the program, at which time they will lose the interest rate reduction

Page 17: Vendor Education Seminar and Networking Event

Diversity Works in Washington

LDP Participating BanksAmerican West Bank

Bank of America

Bank of the Pacific

Banner Bank

Cathay Bank

Coastal Community Bank

Columbia State Bank

EastWest Bank

Fortune Bank

Heritage Bank

Key Bank

Kitsap Bank

Pacific Continental Bank/ NW International

Plaza Bank

River Bank

Riverview Bank

Security State Bank

Sterling Savings

Timberland Bank

Union Bank

US Bank

Washington Trust

Wells Fargo

West Coast Bank

Whidbey Island Bank

Page 18: Vendor Education Seminar and Networking Event

Diversity Works in Washington

Questions?