How do I become SWaM certified?

SWaM stands for Small, Women-Owned, and Minority-Owned businesses. The program was created to enhance business opportunities for SWaM certified businesses. To become certified, you must qualify and register with the Virginia Department of Small Business and Supplier Diversity (SBSD).

What is Virginia SWaM?

SWaM is the acronym for Small, Women- and Minority-owned businesses. A SWaM vendor is a business that has been certified by the Virginia Department of Small Business and Supplier Diversity and is listed in the SWaM Vendor Directory.

What does it mean to be SWaM certified?

Small, Women & Minority -Owned Business Certification A SWaM vendor is a Small, Women-owned or Minority-owned business that has been certified through the Commonwealth by the Department of Small Business and Supplier Diversity (SBSD).

How do I register as a woman owned business in Virginia?

How Do You Become a Certified Woman-Owned Business in Virginia?

1. Visit sam.gov (the System for Award Management) It’s free. You will have to wait at least 72 hours before step 2.
2. Visit certify.sba.gov and complete the form.

What are the benefits of SWaM certification?

The benefits of certification are help and support for small, women, and minority businesses to compete for state contracts with larger and more favored businesses. Policies and procedures give certain advantages to SWaM certified vendors and even more advantages to those with the added Small Business certification.

How do you qualify for minority status?

CERTIFICATION CRITERIA

1. United States citizens.
2. Minority businesses must be at least 51% minority–owned, managed and controlled.
3. Must be a for profit enterprise and physically located in the U. S. or its trust territories.
4. Management and daily operations must be exercised by the minority ownership member(s).

What is the purpose of SWaM?

Small, Women-owned, and Minority-owned Business (SWaM) The purpose is to enhance procurement opportunities for SWaM businesses participating in state-funded projects.

How do I check my MBE status?

Criteria for Certification:

1. United States citizens.
2. Minority businesses must be at least 51% minority–owned, managed and controlled.
3. Must be a for profit enterprise and physically located in the U. S. or its trust territories.
4. Management and daily operations must be exercised by the minority ownership member(s).

What is a micro business in Virginia?

Micro Business is a certified Small Business under the SWaM Program and has no more than twenty-five (25) employees AND no more than $3 million in average annual revenue over the three-year period prior to their certification. Small.

What is 8a certification?

SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. This certification is intended for organizations that are owned and controlled at least 51% by socially and economically disadvantaged individuals.