Seeking Minority, Women-Owned and Section 3 Construction Businesses
Redmond, OR (March 9, 2011) – Housing Works, Central Oregon’s regional housing authority, would like to hear from Minority, Women-owned, or Section 3 construction businesses located in Central Oregon.
There may be several small residential rehabilitation projects coming up in 2011 and Housing Works would like to establish a contact list of local qualifying contractors from which to seek potential bidders. The scope of rehab may call for trades such as; general rehab contractors, painters, landscapers, heating and cooling, electricians, plumbers, floor installers, and house cleaners.
Section 3 Business
A Section 3 Business is a business that is owned (51% or more) by individuals whose household incomes are NO GREATER than 80% of the Area Median Income (AMI). Limits are established per county and household size. (For example, a household with 4 people, residing in Deschutes County, 80% AMI is $50,550. These limits can be found at http://www.huduser.org/portal/datasets/il/il10/index.html )
A business of which 30% (or more) of the full time, permanent employees have household incomes that are NO GREATER than 80% AMI, or within three years of the date of first employment with the business concern where Section 3 residents.
Minority Owned Businesses (MBE)
A minority-owned business is a for-profit enterprise which is owned, operated and controlled by minority group members. “Minority group members” are United States citizens who are at least ¼ Asian, Black, Hispanic or Native American.
Ownership by minority individuals means the business is at least 51% owned by such individuals or, in the case of a publicly-owned business, at least 51% of the stock is owned by one or more such individuals. Further, the management and daily operations are controlled by those minority group members.
Women Owned Businesses (WBE)
Is a business that is at least 51% or more women-owned, managed, and controlled. The business must be open for at least six months and the business owner must be a U.S. citizen or legal resident alien.
Evidence must indicate that:
- The contribution of capital and/or expertise by the woman business owner is real and substantial and in proportion to the interest owned.
- The woman business owner must direct or cause the direction of management, policy, fiscal, and operational matters.
- The woman business owner shall have the ability to perform in the area of specialty or expertise without reliance on either the finances or resources of a firm that is not owned by a woman.
If you believe your business is eligible, or for further information, please contact Kelly Fisher at 541-323-7411.