Does the business need to be in operation at least a year in order to be eligible for WBE certification?
The WBE rule states that a business operating less than one year may creates the presumption that an applicant does not or cannot satisfy the eligiblity standards for certification as a WBE. In such cases, the applicant has the burden of establishing to the department’s satisfaction that the business meets the eligibility standards despite being formed within one year prior to an application for certification. Stock transferred from a male-owned business to a woman within preceding year also creates the presumption of ineligibility. For additional information on the certification program contact an Economic Development Consultant at 608-267-0297.
Related Questions
- What amount is refunded to the applicant should the WBE certified business not wish to renew their certification in either year two or three of the three year certification period?
- What if I have not maintained the companys principal place of business in Connecticut for at least one year? Is my company eligible for certification?
- Does the business need to be in operation at least a year in order to be eligible for WBE certification?
