Maryland, like most states, has a program for certifying small, disadvantaged and minority-owned businesses. The main reason to pursue these certifications is qualifying for state-funded projects that set-aside a certain portion of the fee for certified firms. State projects that establish these small or minority contracting goals can range from nominal participation (e.g. 10% of the design fee) to 100% participation.
I applied for certification as a Maryland Small Business Enterprise (SBE), which comes with the following requirements:
Since I'm just starting out with the business, I easily meet the limitations for firm receipts.
The application process took around 4 hours, the bulk of which was completing a personal net worth assessment and providing proof of accounts, assets, debts, etc. Not exactly thrilling work, but hopefully leads to some good project opportunities down the road!
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