Qualifications
To qualify as a client of the Virginia MBDA Business Center, you must be an Minority Business Enterprise (MBE). An MBE under the MBDA Act is as a business enterprise majority-owned and controlled by at least one socially or economically disadvantaged individual. A socially disadvantaged individual is an individual who has been subjected to racial or ethnic prejudice or cultural bias because of the identity of the individual as a member of a group, without regard to any individual quality of the individual that is unrelated to that identity. An economically disadvantaged individual is an individual whose ability to compete in the free enterprise system been impaired due to diminished capital and credit opportunities, as compared to others in the same line of business and competitive market areas, because of the identity of the individual as a member of a group, without regard to any individual quality of the individual that is unrelated to that identity. An individual of any race or ethnicity may meet the definition of socially or economically disadvantaged under the MBDA Act.
Our Center services are targeted towards assisting MBE clients to achieve high levels of growth and competitiveness. Start-up and/or micro firms will be served by our Center via strategic partnership referrals. While our Center serves all MBEs, target clients include eligible MBEs with one or more of the following characteristics:
- Companies with annual revenues of $500K or more
- Companies operating in high growth industries (e.g., green technology, clean energy, health care, infrastructure and broadband technology)
- Companies with rapid growth potential
If you believe you meet these qualifications, please fill out our Client Profile Form and Client Engagement Form and email both forms to info@mbda-virginia.com along with your 1-2 page Capabilities Statement.
Privacy Disclosure and Information Use
By submitting these forms, your company agrees to allow the Business Center and/or MBDA to share this document, information contained therein, and any supplementary material provided by your company (collectively “Client Engagement Form”) on an as needed basis, with United States Government agencies to carry out appropriate due diligence and more effectively advocate for your interests. The Client Engagement Form also may be used by MBDA and Business Centers for the purposes of conducting research, studies, and analysis consistent with the MBDA mission as stated in the MBDA Act. The Client Engagement Form is considered business confidential and will not be shared with any other person or organization outside the U.S. Government unless MBDA is given permission to do so by your company. All business confidential information will be protected from disclosure to the extent permitted by law.