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Minority/Women Business Enterprise Ordinance Recommendations. Business Development. August 25, 2009. Increase Graduation Program Net Worth to $2.3M. Would allow firms more opportunity to grow before reaching graduate status.
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Minority/Women Business Enterprise Ordinance Recommendations Business Development August 25, 2009
Increase Graduation Program Net Worth to $2.3M • Would allow firms more opportunity to grow before reaching graduate status. • Provides M/WBE firms more time to mature & stabilize within our program. • The $750K net worth was established in 1992 and is outdated.
Certify Large M/WBE Firms as Graduates • Allows larger minority & women firms to receive certification • Graduate firms are limited to larger projects within Professional services and Construction; however… • Potentially allows for greater participation in the categories of “goods & commodities” and “other services”
GFE Recommendation • Good Faith Effort - The efforts undertaken by a contractor to obtain minority/women-owned business enterprises participation in a contract, and shall include all the following: • Notice • Email or fax : 7days • Scope of work • How to obtain plans & specs • Bonding information • Bid submittal deadline • 24 hr notice for addenda • Follow-up • Documentation of any shortfalls in the M/WBE goals • Documented BDD resource usage
GFE Recommendation • The following may be substituted for any one of the aforementioned criteria: • Utilize the Disney Entrepreneur Center to host workshops that will inform M/WBE firms on how to better prepare for sub-contracting opportunities; or • Participation in Orange County sponsored “How to do Business” workshops or match maker events to become more familiar with certified M/WBE resources
MWBE OrdinanceRecommendations Summary • Increase business networth to $2.3M • Certify firms as Graduate firms • Modify (improve) good faith effort criteria • Sliding scale correction • Modify the participation goals • Other minor changes