Minority Business Enterprise Utilization Plan - Rhode Island

Minority Business Enterprise Utilization Plan is a legal document that was released by the Rhode Island Department of Administration - a government authority operating within Rhode Island.

FAQ

Q: What is a Minority Business Enterprise (MBE) Utilization Plan?
A: A MBE Utilization Plan is a strategy implemented by entities to promote the use of minority-owned businesses in their procurement process.

Q: Why is a MBE Utilization Plan important?
A: A MBE Utilization Plan is important as it increases opportunities for minority-owned businesses, promotes diversity and inclusivity, and helps address historical disparities in business ownership.

Q: Who is required to have a MBE Utilization Plan in Rhode Island?
A: In Rhode Island, entities that receive state contracts or grants of $50,000 or more are required to have a MBE Utilization Plan.

Q: What should be included in a MBE Utilization Plan?
A: A MBE Utilization Plan should include goals and targets for the utilization of minority-owned businesses, strategies for outreach and recruitment, and mechanisms for monitoring and reporting progress.

Q: How can entities promote the use of minority-owned businesses in their procurement process?
A: Entities can promote the use of minority-owned businesses by actively seeking out and soliciting bids from such businesses, providing training and technical assistance, and ensuring fair and equitable treatment in the procurement process.