Disadvantaged Business Enterprise certification
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.
DBE certification may be the thing to catapult your business to success. 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 business certification can allow you to 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
How BizCentral Can Help with Your DBE Application
Filling out the DBE application can be complicated and time-consuming. BizCentral is here to help you with both filling out and filing the DBE certification. Our consultants can work with you to discover if you qualify, then they can assist with gathering documentation. They will also recommend the right agencies.
Currently, you have to create a Statement of Disadvantage as well as a Personal Finance Statement to apply for DBE business certification. The documents are required to prove that you belong to a disadvantaged group and that your personal net worth does not exceed $750,000.