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Houston Minority Business Council A Powerful Connection HMBC Mission To actively involve its members in efforts that will increase and expand business opportunities and business growth for Minority Business Enterprises HMBC Membership Facts Ethnic Status Asian-Indian 80 NativeAmerican 26 Hispanic 336 Asian-Pacific 98 AfricanAmerican 477 HMBC Membership Facts Business Type Construction 59 Service Contractors 609 Distributors 142 Manufacturer 88 Manufacturer Rep 20 Brokers/Agent 7 Consultant Professional 92 HMBC Membership Facts Business Structure Sole Proprietors 267 Corporations 695 Capability International 287 Partnerships 55 Local 217 Regional 220 National 293 Years In Business 447 450 400 350 300 189 208 250 173 200 150 100 50 0 0-2 Years 3-5 Years 6-10 Years 11+ Years How HMBC works for MBEs Provides Nationwide referrals to corporations Develops corporate support for minority business opportunities Houses the Houston Minority Business Development Center with experienced Business Consultants Offers technical assistance and training through educational development seminars and scholarships How HMBC works for Corporations Certifies genuine minority business enterprises Provides up-to-date referrals to corporate members seeking MBEs to fulfill product or service needs Provides assistance in establishing minority business development programs Sponsors buyer trainings to assist in achieving purchasing goals Functions as a clearinghouse for information related to minority business development programs HMBC’s Three-Fold Approach Maximize added value of MBEs Increase visibility and exposure to opportunities Assist in establishing credibility for MBEs Maximize Added Value Provide Information Newsletter Legislative Updates Quick Faxes & E-mails Business Opportunity Conferences Industry Best Practices Guide to Member Services Maximize Added Value Educate Suppliers MBE Executive Business Scholarships Educational Development Seminars EXPO Preparation Seminars Strategic Teaming Forums Second Tier Programs Professional Services Forums Maximize Added Value Surround with Resources Quarterly Orientations Business Consortium Fund Corporate Mentor Program On-Site Business Consultants Increase Visibility and Exposure MBE Member Directory Online Directories Professional Services Website Quarterly Networking Luncheons Quarterly MBE Mini-Trade Fairs Annual Sports Classic Increase Visibility and Exposure EXPO Business Opportunity Market Place September 9, 2004 f 8:00 a.m. - 4:00 p.m. George R. Brown Convention Center Second Tier EXPO for Prime Suppliers EXPO One-to-One Sessions EXPO Reception Build Credibility Become Involved Attend Events Leverage HMBC’s Reputation Utilize Industry Best Practices Promote the Validity of Certification HMBC’s Certification Process Step 1: Complete Application Step 2: Initial Review & Desk Audit Step 3: Site Visit Step 4: Certification Committee Review Step 5: Board of Directors Approval Certification Documentation Proof of minority status & citizenship Birth certificate US passport Drivers license with voter registration card Resumes of all principals, key employees and stockholders Prior Year’s federal tax return including schedules Current financial statement Balance and income statements Assumed name certificate in the county of residence Certification Documentation Partnership agreement Must show 51% of business is owned and controlled by the minority applicant including buy-out rights and profit sharing agreements Certificate of incorporation or organization Articles of incorporation and bylaws with amendments Minutes of organizational meeting and last meeting where officers were elected Both sides of stock certificates including the next consecutive number that is not issued Stock transfer ledger and stock options outstanding All agreements that restrict ownership and control Certification Made Easy City of Houston Private Corporations HMBC State of Texas (HUB) Regional Minority Supplier Development Council (NMSDC)