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Cobb Technologies is Proud to Hold SWaM Certification
Cobb Technologies is honored to hold the SWaM (Small, Women-owned, and Minority-owned Business) certification, awarded by the Commonwealth of...
1 min read
Cobb Tech : Nov 13, 2024 12:19:39 PM
Cobb Technologies is honored to hold the SWaM (Small, Women-owned, and Minority-owned Business) certification, awarded by the Commonwealth of Virginia's Department of Small Business and Supplier Diversity (SBSD). This designation reflects our place among Virginia businesses that meet specific criteria established by the SBSD.
As a SWaM-certified business, we are proud to be part of an initiative that supports and strengthens small, women-owned, and minority-owned businesses across Virginia.
The below requirements defined by the SBSD ensure that SWaM-certified businesses remain reflective of Virginia’s diverse economic landscape.
Small Business: A business that is at least 51% independently owned and controlled by one or more U.S. citizens or legal resident aliens. It must have 250 or fewer employees or average annual gross receipts of $10 million or less (averaged over the previous three years).
Additionally, as a SWaM-certified Small business, your company might qualify to be a "Micro business."
Women-Owned Business: 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, limited liability company, or other entity, at least 51% of the equity ownership interest is owned by one or more women who are U.S. citizens or legal resident aliens. Additionally, in all cases, both the management and daily business operations must be controlled by one or more women.
Minority-Owned Business: A business that is at least 51% owned by one or more minority individuals who are U.S. citizens or legal resident aliens. This ownership requirement applies to all business types, including corporations, partnerships, limited liability companies, or other entities, where at least 51% of the equity ownership interest must be held by one or more minority individuals. In all cases, both the management and daily business operations must be controlled by one or more minority individuals. Additionally, any historically black college or university qualifies as a minority-owned business, regardless of the percentage of minority ownership.
Micro Business: A certified Small business under the SWaM program that has no more than 25 employees and no more than $3 million in average annual revenue over the three-year period prior to certification.
At Cobb Technologies, we take pride in being part of a network of businesses that contribute to the growth and diversity of our local economy. We remain dedicated to delivering exceptional value to our clients through advanced office technology solutions, while fostering long-lasting partnerships rooted in trust, respect, and a shared commitment to success.
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