In 2018, the City's Minority Business Program will be implemented with the collaboration of the Division of Procurement and Risk Management's Minority Business Program Coordinator and the Office of Economic Development's Minority Business Development Manager.
Business Equity Fund Loan Program
The City of Charlottesville Business Equity Fund (BEF) is a loan program for existing City businesses that are owned by individuals who are considered socially disadvantaged (i.e., those who have been subjected to racial or ethnic prejudice or cultural bias because of their identity as members of a group). The BEF, administered in partnership with the Community Investment Collaborative (CIC), lowers eligibility criteria typically experienced in traditional banking scenarios and offers a subsidized interest rate that is well below the market rate (up to 3%). Interested businesses should schedule an initial meeting with the Office of Economic Development to determine need and if minimum eligibility criteria can be met. Businesses will then be referred directly to CIC to provide required documents and complete a loan application. For more information, contact email@example.com or 434-970-3117. To download, please click HERE.
Minority Procurement Program Strategy
This plan develops a strategy to increase the number and scale of minority-owned businesses contracting with the City of Charlottesville. The City of Charlottesville will provide opportunities for responsible businesses, and to making every reasonable effort to increase opportunities for minority-owned (MBE), women-owned (WBE) and other certified businesses. The City plans to create an equitable approach to procurement and good faith efforts, and increase outreach, vendor engagement and training. Finally, the City will maintain centralized records with statistical data on utilization of MBE and WBE businesses, and use the information to measure success. Click HERE to view the full strategy.
Becoming a SWaM business:
If you are not on the list and would like to become SWaM certified and a vendor for the City, please use the links below
SWaM certification: https://www.sbsd.virginia.gov/certification/
City vendor registration: https://vendor.charlottesville.org/