Arkansas Code of 1987 (2023)
Title 15 - NATURAL RESOURCES AND ECONOMIC DEVELOPMENT (§§ 15-1-101 — 15-76-324)
Subtitle 1 - DEVELOPMENT OF ECONOMIC AND NATURAL RESOURCES GENERALLY (§§ 15-1-101 — 15-14-108)
Chapter 4 - DEVELOPMENT OF BUSINESS AND INDUSTRY GENERALLY (§§ 15-4-101 — 15-4-3910)
Subchapter 3 - MINORITY AND WOMEN - OWNED BUSINESS ECONOMIC DEVELOPMENT ACT (§§ 15-4-301 — 15-4-315)
Section 15-4-314 - Minority business enterprises and women-owned business enterprises certification process

• (a) The Division of Minority and Women-owned Business Enterprise of the Arkansas Economic Development Commission shall promulgate rules to create a certification process for minority business enterprises and women-owned business enterprises.

• (b) The certification process shall include without limitation:
  • (1) Criteria for certification that shall include without limitation:
    • (A) A determination that the business is structured as a minority business enterprise or a women-owned business enterprise;
    • (B) Verification of minority or woman ownership and control of the business; and
    • (C) Annual updates indicating continuing minority or woman ownership and control;
  • (2) A formal application process;
  • (3) An education program to assist minority business enterprises and women-owned business enterprises in achieving certification; and
  • (4) An outreach to ensure the broadest possible participation of minority business enterprises and women-owned business enterprises and persons proposing new minority business enterprises or women-owned business enterprises.

• (c) The Office of State Procurement shall cooperate with the division to the fullest extent possible in sharing information concerning certification and registration of minority business enterprises and women-owned business enterprises carrying out the purposes of this section.

Amended by Act 2017, No. 1080,§ 1, eff. 8/1/2017.

Acts 1991, No. 698, § 6; 2009, No. 1222, § 10.