Minority/Women-Owned Business Enterprises (MWBE) Held in Trust
Rule status: Adopted
Agency: SBS
Effective date: May 12, 2023
Proposed Rule Full Text
SBS-Proposed-Rules-Standards-for-Determining-Eligibility-for-MWBE-Certification-of-Businesses-Held-in-Trust-Preliminarily-Certified-3.24.23-with-certs.pdf
Adopted Rule Full Text
2023-RG-023-Standards-for-Determining-Eligibility-for-MWBE-Certification-of-Businesses-Held-in-Trust-Final-Rule-Legal-13522840_174185-KB.pdf
Adopted rule summary:
The Department of Small Business Services is adopting a rule adding a new subdivision (g) to section 11-22 of title 66 of the Rules of the City of New York to establish criteria and procedures for determining the eligibility of a business for certification as an minority-owned business enterprise or women-owned business enterprise (“MBE” and “WBE,” respectively, and “M/WBEs,” collectively) when the full or partial ownership of the business is held by one or more trusts.
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