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Confidential — for Internal Use Only
Associate Handbook August 2016 |
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MINORITY AND WOMEN VENDORS
ICMA‑RC strives to retain Minority/Women Business Enterprises (M/WBEs) and believes that the
promotion and utilization of M/WBEs is essential to our commitment to excellence. Just as our customers
expect the best, ICMA‑RC expects the best from the businesses that provide its products and services. Today’s
marketplace is so fast paced that young, small companies (in some cases economically disadvantaged) often do
not have the resources to promote themselves as well as the more established corporations. They may, however,
be able to provide better products and services. In an effort to make sure ICMA‑RC has a progressive and
competitive free enterprise environment, the corporation makes an effort to identify M/WBEs with which to
do business and encourages associates to assist in identifying such businesses.
Definition of Minority/Women-Owned Business Enterprise
A Minority Business Enterprise (MBE) as defined by ICMA‑RC is a business that is at least 51 percent owned
or controlled by one or more members of a minority group, or at least 51 percent of the company’s stock
is owned by one or more members of a minority group. Furthermore, one or more such individuals must
control the management and daily business operations. Such persons may include, but are not limited to:
American Indian or Alaska native; Asian; Black or African American; Hispanic or Latino; or Native Hawaiian
or other Pacific Islander.
A Woman-Owned Business Enterprise (WBE) as defined by ICMA‑RC, is a business enterprise that is:
P
P
at least 51 percent owned by one or more women, or in the case of any publicly owned business, at least 51
percent of the stock is owned by one or more women; and
P
P
the management and daily business operations of the business are controlled by one or more women.
ICMA‑RC will continue to make an effort to identify opportunities to purchase goods and services from
M/WBEs under this policy. ICMA‑RC also has established a directory of available M/WBEs to enhance
the visibility and competitive viability of such enterprises as well as facilitate economic growth in the areas
where we do business. ICMA‑RC will maintain this directory for inclusion in the bid and selection process as
appropriate. This directory is generally updated on a quarterly basis. Please contact the Corporate Accounting
Department for assistance or further information.