A Disadvantaged Business Enterprise certification, commonly referred to as a DBE certification defines your business as being owned, operated and controlled by a disadvantaged group.
If you are a small business owner you could be missing out on a lesser-known revenue stream – “set-aside” contracts. Government agencies, along with corporations that do business with the government, are mandated by law or corporate policies to spend approximately 20% of their budget with small disadvantaged companies.
DBE requirements are uniform in every single state because they are under the direct jurisdiction of the United States Department of Transportation (US DOT). The DOT is responsible for setting DBE utilization goals and for the implementation of the entire program.
As a business owner, it is important to understand that a DBE certification can allow you compete for government contracts, increasing your business’ revenue.
Even during a recession, the government must continue spending to fund its operations and stimulate growth. If you are seeking small business certification, it is important to decide who your target customer is to see if a DBE certification is best for you.
Our DBE Application Services Can Save You Time & Money
The DBE application process can be time consuming and confusing for those who are not familiar with the requirements. Many state, city and county contracts for certified small businesses go unclaimed as small business owners do not know they can qualify.
At BizCentral our certification consultants will help you determine if you qualify for a DBE certification. We will work with you to complete the DBE application with supporting documents and recommend the best agencies for your certification.
Recent changes to the DBE regulations require all applicants to complete a Statement of Disadvantage and a Personal Financial Statement. As an owner you must affirm that you are a member of a disadvantaged group such as an ethnic minority. Additionally each applicant must have a personal net worth of less than $750,000, not including residence or equity.
After the approval of your certification has been obtained and you are ready to start marketing your company and DBE certification, we can also help you identify available contracts and respond to bids or RFPs.
Whether you are starting or growing a business, at BizCentral USA we will assist you with all your business certification needs.
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If you have any questions regarding our small business solutions and services please review our frequently asked questions page or fill out this form and one of our business consultants will be in touch with you shortly!