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Crains Chicago Business SURVEY RESULTS | SEPTEMBER 2023Introduction The purpose of this report is to summarize the results of a survey conducted by Northwestern Universitys Medill School of Journalism

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How to fill out minority- and women-owned businesses

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Research and determine the requirements for certification as a minority- or women-owned business in your industry and location.

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What is minority- and women-owned businesses?

Minority- and women-owned businesses are enterprises that are at least 51% owned, operated, and controlled by individuals from minority groups or women. These businesses are recognized for their potential to contribute to economic growth and diversity.

Who is required to file minority- and women-owned businesses?

Typically, businesses seeking certification as minority- or women-owned must file applications. This includes small businesses that wish to qualify for government contracts or funding opportunities that specifically target these groups.

How to fill out minority- and women-owned businesses?

To fill out the application for minority- and women-owned business status, applicants must provide detailed information about ownership structure, business operations, and financials, as well as supporting documentation such as identification and proof of business entity.

What is the purpose of minority- and women-owned businesses?

The purpose of minority- and women-owned businesses is to promote diversity in the marketplace, provide economic opportunities to underrepresented groups, and foster equitable participation in business and contracting opportunities.

What information must be reported on minority- and women-owned businesses?

Businesses must report information such as ownership demographics, business classification, annual revenue, employee counts, and any relevant certifications or licenses to verify their status as minority- or women-owned.

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