The NMSDC Growth Initiative affects only NMSDC-certified firms that have an opportunity to grow businesses.

First, your business must be certified through an NMSDC affiliate before it can apply for the Growth Initiative.

A minority business may be certified as a minority “controlled” enterprise if the minority owners own at least 30% of the economic equity* of the firm.  This occurs when non-minority institutional investors contribute a majority of the firm’s risk capital (equity).  Under this special circumstance, a business may be certified as a minority “controlled” firm if the following criteria are met:

  1. Minority management/owners control the day-to-day operations of the firm.
  2. Minority management/owners retain a majority (no less than 51%) of the firm’s “voting equity”.

Minority owner/s operationally control the board of directors (i.e., must appoint a majority of the Board of directors).
 

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PRMSDC adheres to the highest standards of minority business certification while...

PRMSDC take development to a new meaning as the marketplace continues to shift from local to global.

PRMSDC provides opportunies for MBEs and Corporate Members to connect in large marketplace arenas...

PRMSDC serves an advocate to our communities, media, business leaders and government... 
 

 

 

787-627-7272

1225 Ponce de León Ave. VIG Tower, 
Suite 1505, Santurce, PR 00907-3921

PO Box 192410
San Juan, Puerto Rico 00919-2410


PRMSDC is a 501(c) (3) non-profit
organization affiliated to the
National Minority Supplier Development
Council (NMSDC), a leading
organization that advances business
opportunities for certified minority
business enterprises and connects
them to corporate members.