Vendor Supplier Certification Requirements

To take advantage of the Federal Home Loan Bank of New York's Vendor/Supplier Diversity Program, suppliers must comply with the following guidelines:

Qualifications
Minority Business Enterprises must be at least 51% owned, operated and controlled by a minority individual or group. If the business is publicly owned, a minority individual or group must own at least 51% of the stock. Owner(s) must be U.S. citizens.

Women Business Enterprises must be at least 51% owned, operated and controlled by a woman or women. If the business is publicly owned, a minority individual or group must own at least 51% of the stock. Owner(s) must be U.S. citizens.

Disabled Veteran Enterprises must be privately or publicly owned companies where one or more disabled veterans hold at least 51 percent of the control or ownership. To qualify as a disabled veteran, individuals must be veterans of United States military service and have at least a 10 percent service-connected disability.

Third-Party Certification
Diverse suppliers must be certified by a third-party agency. The main agencies we recognize:

Supplier Diversity Classification Definitions
The following definitions are overviews of each category. For more detail, please visit the National Minority Supplier Development Council, the Women's Business Enterprise National Council and the U.S. Small Business Administration. Our diverse suppliers are considered from the following categories:

  • Minority Business Enterprise U.S. based business concerns (1) that are at least 51 percent owned by minorities—or, in the case of a publicly owned business, at least 51 percent of the stock is owned by one or more minorities, and (2) with management and daily business operations controlled by one or more of the minority owners. Minorities include Hispanics, African-Americans, Asian-Pacific Americans, Asian-Indian Americans and Native Americans.
  • Woman Business Enterprise U.S. based business concerns (1) that are at least 51 percent owned by women—or, in the case of a publicly owned business, at least 51 percent of the stock is owned by one or more women, and (2) with management and daily business operations controlled by one or more of the women owners.
  • Disabled Veteran-Owned Small Business U.S. based business concerns (1) that are at least 51 percent owned by one or more disabled U.S. veterans—or, in the case of a publicly owned business, at least 51 percent of the stock is owned by one or more disabled U.S. veterans, and (2) with management and daily business operations controlled by one or more disabled U.S. veterans. The term "veteran" is defined in 38 U.S.C. 101 (“A person who served in the active military, naval or air service, and who was discharged or released under conditions other than dishonorable.”).

If your business qualifies as diverse—as outlined above and detailed on the websites of the National Minority Supplier Development Council, the Women's Business Enterprise National Council and the U.S. Small Business Administration and you can provide third-party certification of your eligibility, you may register your business for consideration as a diverse supplier with HLB.

Register your business


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