Supplier Diversity Mini-Grants
Advantage Valley Offering Support for Certification
One way to grow your business is to expand your market by pursuing procurement contracts with corporate, institutional, and government entities. Many of these entities have Supplier Diversity Programs with spend goals with disadvantage business enterprises. If your business is certified as minority-, women-, veteran-, disabled-, LGBT-, or small business-owned, many corporations and government entities are interested in working with you. A certified diverse supplier must demonstrate certain nationally and statewide standardized criteria and hold a valid certificate from a third-party certifying agency such as the following: National Minority Supplier Development Council (NMSDC), Women’s Business Enterprise National Council (WBENC), US Pan Asian American Chamber of Commerce (USPAACC), National LGBT Chamber of Commerce (NGLCC), National Veteran-Owned Business Association (NaVOBA), Disability, Small Business Administration (SBA) 8(a) Program.
To assist small businesses with obtaining certifications Advantage Valley is offering a Supplier Diversity Certification Mini-Grant program. The program offers reimbursement of up to $500 for costs associated with obtaining the certifications through the certification agencies including Ohio Valley Business Enterprise Council (a chapter of WBENC) and the Tri-State Minority Supplier Diversity Council. A limited number of $500 grants are available on a first come basis. The application process takes a few steps:
Step 1: Determine Eligibility by meeting with certification agency to determine that your business is an eligible entity for certification and to review and understand the requirements for obtaining the certification. Contact information:
Step 2: Application pre-approval – submit application to Advantage Valley for pre-approval of reimbursement once the remaining steps have been completed.
Step 3: Client meets with FASTER WV business coaches to review Supplier Diversity and to help you think about, plan and go after actual procurement opportunities once you have your certification.
Step 4: Attend a Growing Your Business workshop – these are sponsored by Truist for information on these workshops, contact Marlo Long at firstname.lastname@example.org
Step 5: Once you obtain your certification submit for reimbursement by the deadline to receive up to $500 to help offset costs. Deadline is December 31, 2021.
If you need assistance with the application, contact a FASTER WV business coach today!
WV Small Business Development Center
FASTER WV Coach Tyler Brandstetter
Kanawha, Putnam, Lincoln, Boone, Braxton and Clay Counties
FASTER WV Coach Jules Bills
Cabell and Wayne Counties