Supplier Diversity/SWaM

Vendor Fair

Small, Women-, and Minority-owned (SWaM) Businesses

Did you know that approximately 95% of Virginia based businesses are small businesses and that SWaM businesses are the source of most new jobs in Virginia?  By supporting our SWaM businesses we contribute to stimulating Virginia’s economy as well as encouraging business growth and development in the state in which we work, and in many cases, where we live.

Supporting SWaM businesses helps ensure there are consumer choices and diversity for various purchases.  The part for the machine that is 10-years old is no longer in stock at the big chain store, but the local small business down the street knows you purchase the item routinely and is willing to keep it in stock for you because the business owner is able to dictate what is kept in stock and not corporate office.  This option provides allows you to go out and purchase when needed and not bulk stock through a special order that could take weeks to come in.    

Virginia's SWaM program was established in 2006 to enhance business opportunities for SWaM businesses.  In order for a vendor to be recognized as a SWaM vendor by the Commonwealth, the vendor must be certified through the Virginia Department of Minority Business Enterprise (DMBE). Certification information may be found at DMBE's website: http://dmbe.virginia.gov/swamcert.html. Please contact Marra Austin [[maaustin]] with any questions or concerns regarding SWaM certification.

DMBE’s SWaM Definitions:

Small Business "Small business" means a business that is at least 51% independently owned and controlled by one or more individuals who are U.S. citizens or legal resident aliens, and together with affiliates, has 250 or fewer employees, or average annual gross receipts of $10 million or less averaged over the previous three years. One or more of these individual owners shall control both the management and daily business operations of the small business.

Women-Owned Business "Women-owned business" means a business that is at least 51% owned by one or more women who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51% of the equity ownership interest is owned by one or more women who are citizens of the United States or legal resident aliens, and both the management and daily business operations are controlled by one or more women.

Minority-owned Business "Minority-owned business" means a business that is at least 51% owned by one or more minority individuals who are U.S. citizens or legal resident aliens, or in the case of a corporation, partnership, or limited liability company or other entity, at least 51% of the equity ownership interest in the corporation, partnership, or limited liability company or other entity is owned by one or more minority individuals who are U.S. citizens or legal resident aliens, and both the management and daily business operations are controlled by one or more minority individuals.

SWaM information for Capital Construction

Interested in learning more about Capital Construction at the College? Access William &  Mary's Facilities Management Planning, Design and Construction Division.

SWaM information for W&M eVA users

To find more certified SWaM Vendors: http://www.dmbe.virginia.gov/cgi-bin/search.cgi Have a vendor that you believe may qualify as a SWaM business but do not see the vendor in DMBE’s listing, contact:

 
Marra Austin, VCO

SWaM/Supplier Diversity Advocate
Office of Procurement
757-221-7636
[[maaustin]]