Prudential requires minority or woman-owned status be certified through a third-party certification agency. Third-party certification indicates your company's ownership structure and operations have been thoroughly reviewed and deemed consistent with the definitions below.
Prudential prefers certification from either the National Minority Supplier Development Council or the Women's Business Enterprise National Council. We will consider other certifications at our discretion based upon the organization's certification process.
Prudential does not require certification for Veteran or Service-Disabled Veteran Business Enterprise (VBE or SDVBE), People With Disability (PWD) or Lesbian, Gay, Bisexual or Transgender (LGBT) status. Registering as a VBE, SDVBE, PWD or LGBT firm is considered attestation that your firm meets the 51 percent ownership, operation and control requirements listed in the definition below.
While we do not require certification for these diverse statuses, we want to know if your firm is certified. Kindly provide VBE, SDVBE, PWD and LGBT certification information when you register.
A Minority-owned Business Enterprise (MBE) must be at least 51 percent owned, operated and controlled by a minority individual or group of minority individuals. In the case of publicly owned companies, at least 51percent of the stock must be owned by individuals of one or more minority groups and the management. In addition, daily business operations must be controlled and operated by one or more of those individuals. The following minority groups are eligible for certification: Black, Hispanic, Asian-Pacific, Asian-Indian or Native American.
A Woman-owned Business Enterprise (WBE) must be at least 51 percent owned, operated and controlled by a non-minority woman or group of non-minority women. In the case of publicly owned companies, at least 51 percent of the stock must be owned by one or more non-minority women and the management. In addition, daily business operations must be controlled and operated by one or more of those individuals.
A Veteran or Service-disabled Veteran-owned Business Enterprise (VBE/SDVBE) must be at least 51 percent owned, operated and controlled by a veteran or veteran disabled during active duty (service-disabled) or group of veterans or service-disabled veterans. In the case of publicly owned companies, at least 51 percent of the stock must be owned by veterans or service-disabled veterans and the management and daily business operations must be controlled and operated by one or more of those individuals.
A firm owned by People with Disabilities (PWD) must be at least 51 percent owned, operated and controlled by a person or persons with disabilities. In the case of publicly owned companies, at least 51 percent of the stock must be owned by persons with disabilities and the management and daily business operations must be controlled and operated by one or more of those individuals.
A Lesbian, Gay, Bisexual or Transgender (LGBT) owned firm must be at least 51 percent owned, operated and controlled by a person or persons that are LGBT. In the case of publicly owned companies, at least 51 percent of the stock must be owned by persons who are LGBT and the management and daily business operations must be controlled and operated by one or more of those individuals.
National Minority Supplier Development Council
1359 Broadway, 10th Floor
New York, NY 10018
212-944-2430
212-719-9611 (Fax)
www.nmsdc.org
Women's Business Enterprise National Council
1120 Connecticut Avenue, NW
Suite 1000
Washington, D.C. 20036
202-872-5515
202-872-5505 (Fax)
www.wbenc.org
US Business Leadership Network (USBLN®)
1501 M Street, NW - 7th Floor
Washington, DC 20005
Phone: (800) 706-2710
Fax: (800) 706-1335
www.usbln.org
National Gay & Lesbian Chamber of Commerce (NGLCC)
729 15th St. NW, 9th Floor
Washington D.C. 20005
202.234.9181 (P)
202.234.9185 (F)
www.nglcc.org
Department of Veterans Affairs
www.vetbiz.gov
Neither registration nor proof of certification is a guarantee of conducting business with Prudential. Awarding contracts is a competitive process. While Prudential considers diverse supplier status during this strategic sourcing process, you will not be awarded business based only on your diverse status. Any business your firm does with Prudential will be subject to negotiations and contract.