Bill > A05348

This bill creates a streamlined certification process for minority and women-owned business enterprise (MWBE) subcontractors seeking to work with not-for-profit corporations. Under the new provisions, these subcontractors can receive certification if they meet specific criteria, including: owning at least 51% of the business by minority or women entrepreneurs who are U.S. citizens or permanent residents, having a real and substantial ownership interest, independently controlling business decisions, being authorized to do business in New York, and passing a physical site inspection. Additional requirements include having a personal net worth not exceeding $15 million, being classified as a small business, performing services valued under $50,001, not receiving this certification exemption more than three times in twelve months, and complying with reporting requirements. The bill aims to simplify the certification process for smaller MWBE subcontractors working with non-profit organizations while maintaining standards to ensure the legitimacy of minority and women-owned businesses.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A5348