The Ultimate Guide to Applying for MTA Small Business Development Program
The Metropolitan Transportation Authority (MTA) is offering small businesses the opportunity to grow and develop through its Small Business Development Program (SBDP). This program is designed to provide small businesses owned by minorities, women, and disadvantaged individuals with access to capital, technical assistance, and education to help them thrive within the transportation industry.
If you are a small business owner, this guide will help you learn more about the MTA’s SBDP program and how to apply for it. Here is everything you need to know:
1. Eligibility
To be eligible for the SBDP program, your business must meet the following requirements:
• Your business must either be certified as a Minority-Owned Business Enterprise (MBE), Women-Owned Business Enterprise (WBE), or Service-Disabled Veteran-Owned Business (SDVOB).
• Your business must have provided goods or services to the MTA for at least one year before applying.
• Your business must have an average annual gross receipt of no more than $15 million for the past three years.
• Your business must be up-to-date with all necessary licenses, permits, and insurance.
2. Application Process
To apply for the SBDP program, you must go through the following steps:
• Attend a pre-certification workshop to learn more about the program requirements and the application process.
• Apply for MBE, WBE, or SDVOB certification through the relevant agencies.
• Submit a completed SBDP application, along with all necessary documents, such as business and financial statements and a proposal outlining your business goals and objectives.
• Your application will be reviewed and evaluated by the MTA’s Office of Diversity and Civil Rights.
3. Benefits
If your application is accepted, you will be able to access the following benefits through the SBDP program:
• Technical assistance and training to help you grow your business and form partnerships with other businesses.
• Bonding opportunities to help you compete for MTA contracts.
• Access to an MTA liaison to help you navigate the procurement process and address any concerns or issues.
4. Success Stories
Many small businesses have benefited from the SBDP program. For example, Luis Carrion, the owner of Carrion Electrical Service, Inc., grew his company’s revenue by 3,000% within five years, thanks to the program’s support. Another success story is that of Nancy Lomeli, the owner of N. Lomeli Painting, who was able to secure a $1.8 million contract with the MTA through the program.
In conclusion, the MTA’s Small Business Development Program can be an excellent opportunity for small businesses looking to grow within the transportation industry. By following the eligibility requirements and application process outlined above, your business may be able to access the training, bonding, and support it needs to succeed. With plenty of success stories to draw inspiration from, there’s no reason not to apply today.
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