The Office of Supplier Diversity (OSD) at Florida Department of Management Services oversees the state's drive to increase the participation of minority- and women-owned businesses (MWBEs) as well as veteran-owned (VBEs) businesses in public contracting. The OSD certifies firms as MBEs, WBEs, VBEs, which makes them eligible to be listed on the state's directory and referral to state agencies seeking to improve their supplier diversity, among other benefits. The OSD certification is valid for two years.
Does this certification expire? A certification is valid for two years. Online recertification must be completed at least two weeks prior to the expiration of a certification.
Is any loan or bonding assistance provided through this program? The State of Florida also has a Loan Mobilization program that helps MBEs, WBEs, and VBEs obtain financing when taking part on a state-funded contract. The Program authorizes state agencies to disburse from 5 to 10 percent of the state contract award - the designated loan mobilization payment (DLM Payment) - to participating lenders to assist certified businesses in obtaining working capital and lines of credit. The lender then loans the certified business 125 percent to 200 percent of the DLM Payment advance.