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$3,200.00

Virginia –SWaM (Small,Women-owned, and Minority-owned Business)

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Program Summary

The program was established in 2006, to enhance business opportunities for SWaM (small, women- and minority-owned) businesses. SWaM includes a Small Business Set-Aside Program. It also requires State agencies and departments to enhance SWaM participation in procurement activities.

SWaM company’s currently capture over 20% of total spend by the Commonwealth of Virginia (Over $1B annual Prime/Subcontractor combined). The certification is valid for 3 years (only 1 year for newly established business which has not yet submitted tax returns).

 

Basic Eligibility Criteria

  • At least 51% owned and controlled by a member or members of the following ethnicity groups (Asian American, African American, Hispanic American, Eskimo and/or Aleut, or Native American).
  • At least 51% owned and controlled by a woman or by women.
  • Company defined as a Small Business, which for Virginia means an independently owned and operated business which has 250 or less employees, or average annual gross receipts of $10 million (averaged over the past 3 years).
  • Must be a for profit business entity.

*Additional minor eligibility criteria.

 

Typical Certification Applications

A high degree of commonality exists between the Administrators for these programs. A summary of the key documents and processes was provided in the Overview Section for our State Unique programs. Please follow link to this content (link to section in overview).

Fee : $3,200.00 Buy Now

*Only $1000 when combined with 8a Certification

Ask an expert : Todd

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