M/WBE stands for Minority- and Women-owned Business Enterprise. New York City certifies businesses that are at least 51% owned, operated and controlled by minority group members or women, after reviewing ownership, finances and the work the firm actually performs.
Under Local Law 174 of 2019, city agencies set M/WBE participation goals on their contracts. When a construction contract carries a goal, the prime contractor has to show how a share of the contract value will go to certified firms, then report what it actually paid them.
Certification is not a label a company gives itself. Every certified firm is listed in the city’s public directory, where agencies and primes check it before counting the firm toward a goal.