lockmat Posted October 11, 2007 Share Posted October 11, 2007 My uncle is a Trader (petrochemicals) for a company he partially owns. I'm looking for a job and possibly getting into the oil/petrochemical industry. So he told me to research and let him know what a minority company is because he set one up. That's all he told me.So I researched but all I can come up with is a company that is at least 51% owned by minorities or possibly women. For some reason, I don't believe that's what he's talking about. I could have guessed that when he told me to research it in the first place, but I just thought that was too easy and it must mean something else.So, anyone know if that's really what it is or is it something else?Thanks. Quote Link to comment Share on other sites More sharing options...
skwatra Posted October 11, 2007 Share Posted October 11, 2007 that's exactly what it is. at least that's the definition of an SDB (small disadvantaged business) which i think is what he's talking about. most government contracts require a certain percentage of the labor come from SDB's. Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 11, 2007 Author Share Posted October 11, 2007 Yeah, and I know you even have to get a certification to have the official tag of a minority owned company.The weird thing is, all he said was Minority Company. Not minority owned. Just seems too simple for him to ask me to research and find out what it is. Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 12, 2007 Author Share Posted October 12, 2007 Can anyone else confirm this? Quote Link to comment Share on other sites More sharing options...
gwilson Posted October 12, 2007 Share Posted October 12, 2007 sounds right to me. There is a reason my mother owns my company. Quote Link to comment Share on other sites More sharing options...
MidtownCoog Posted October 12, 2007 Share Posted October 12, 2007 Please share the name so we can be sure to never use your company.What a scammer. Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 22, 2007 Author Share Posted October 22, 2007 Please share the name so we can be sure to never use your company.What a scammer.Finally talked to my uncle about it. He was indeed talking about a minority OWNED company. It wasn't a trick question after all.And midtown...his wife, my aunt, owns this company. She's Mexican. I asked if the govt cares that the loophole exists and he said no. He asked a lawyer. Now whether you think that's unethical or not is a different story. It's a pretty obvious loophole so I'm guessing the govt is acutely aware of it, yet is still okay with it. Quote Link to comment Share on other sites More sharing options...
plumber2 Posted October 27, 2007 Share Posted October 27, 2007 Ben Reyes set up one of these HUB companies back when the George R. Brown Convention Center was being built. A certain amount of plumbing materials had to be purchased through this company. It was a scam and eveyone knew it. There were no assets, no employees, or a building. It was just a P.O. Box that rebilled with a mark-up. Nice contract for him. Really unfair for the citizens though. He eventaully got convicted of other crimes. Quote Link to comment Share on other sites More sharing options...
lockmat Posted October 27, 2007 Author Share Posted October 27, 2007 Ben Reyes set up one of these HUB companies back when the George R. Brown Convention Center was being built. A certain amount of plumbing materials had to be purchased through this company. It was a scam and eveyone knew it. There were no assets, no employees, or a building. It was just a P.O. Box that rebilled with a mark-up. Nice contract for him. Really unfair for the citizens though. He eventaully got convicted of other crimes.Well, I know my Uncles is legit. He's just taking advantage of the fact his wife his Mexican. The government could do something about that loop hole if they wanted, but they haven't. Quote Link to comment Share on other sites More sharing options...
CDeb Posted October 29, 2007 Share Posted October 29, 2007 Ben Reyes set up one of these HUB companies back when the George R. Brown Convention Center was being built. A certain amount of plumbing materials had to be purchased through this company. It was a scam and eveyone knew it. There were no assets, no employees, or a building. It was just a P.O. Box that rebilled with a mark-up. Nice contract for him. Really unfair for the citizens though. He eventaully got convicted of other crimes.Whether you agree with the premise of the HUB program or not, it is costing the taxpayers money. Quote Link to comment Share on other sites More sharing options...
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