The benefit of being and MWDBE is that various state and other governmental authorities mandate that MWDBE certified firms must receive a certain percentage, usually between 25%-40% of any prime contract that is funded by the government. For example, in New York State MWDBE Construction Management firms usually get 35% on average for some very large and lucrative public works construction projects. But as in all markets, where there is a big demand or, this case opportunity, there is also much more supply, that is, competitors.
But what if a firm looked at smaller niche markets. Markets where, while there is still opportunity, ie. government funding jobs and contracts, but a very limited range of qualified competitors. My experience concentrates on the AEC market, that is Architecture, Engineering and Construction. But there are many other markets that MWDBE firms can enter, both with the AEC industry and others as well, … Read More