Minority/Women-Owned Business Enterprises (MWBE) Held in Trust

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.