State of Rhode Island certifies minority and/or women owned
businesses, which meet the following eligibility criteria:
Be a minority and/or a women-owned business whose ownership
must be comprised of citizens or lawful permanent residents
of the United States.
Be a small business concern as defined pursuant to Section
3 of the Federal Small Business Act (15 U.S.C Chapter 632
and Chapter 637) and implementing regulations (13 CFR), and
fulfill one of the definitions as defined in Section 2XV through
XLX of these regulations.
Owner(s) must be a member of a definable minority group
(Black/African American, Portuguese, Hispanic/Latino, Asian/Pacific
Islander, Filipino, American Indian and/or Women, and or an
individual(s) found to be both socially and economically disadvantaged.
(13 CFR Chapter 124.105-106).
Minority, Disadvantaged or women partners/shareholders must
own at least 5 percent of the business
Minority, Disadvantaged or Women owners must possess control
of the business and the power to direct or cause the direction
of the management and policies of the firm and to make the
day-to-day as well as major decisions on management, policy
Minority, disadvantaged or women owners must be substantial
investors in the business.
The business must be an ongoing concern
The business must be in operation a minimum of six (6) months
prior to applying for certification.
Existing businesses whose ownership and control has been transferred
to minorities or women must be in the control of the minorities/women
a minimum of six (6) months prior to applying for certification.