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TARGET MARKET PROGRAM Bidding Restricted to City of Chicago Certified Minority Business Enterprise(s) (MBE) and Women Business Enterprise(s) (WBE) With Appropriate Specialty Area DesignationWater
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A Minority Business Enterprise (MBE) owned by women refers to a business that is at least 51% owned, operated, and controlled by one or more women from minority backgrounds.
Businesses that are classified as minority-owned and women-owned must file for certification as a Minority Business Enterprise (MBE) to take advantage of certain benefits and opportunities.
To fill out the application for minority business enterprise certification, businesses typically need to provide information about ownership, management, financials, and operational structures, along with supporting documentation.
The purpose of certifying women-owned minority business enterprises is to promote economic equality, enhance access to government and private sector contracts, and foster diverse business growth.
Required information usually includes details about business ownership, financial statements, operating agreements, resumes of the owners, and proof of minority status.
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