What Are The Eligibility Requirements For Dbe Certification?

Federal funded projects offers a number of benefits for each and every enterprise

, especially for the minority owned and women owned small projects. To help such businesses exist in the competitive market and survive among the key players, the SBA has set the DBE program. The main objective of such DBE programs is to uplift those organizations which are lagging behind in the race. With mandatory goals, DBE certification is generally dealt by the US department of transportation to aid the society and the businesses involved in various contracts with the state agencies. DBE programs aim to help the underprivileged firms grow and flourish to compete successfully with their peers in the market place and secure their position. However, there are few stringent eligibility criterions which are required to be met in order to qualify for Disadvantaged Business Enterprise (DBE) certification. Such eligibility criterions may include:

Eligibility criteria

Once a small business is qualified for DBE certification, then it can apply for such official recognition. Below mentioned are some of the essential guidelines which every business owner may adhere to find out if they qualify for DBE certification program or not. Such guiding principles may include:

Possession

51% of the ownership must be controlled by an economically and socially disadvantaged individual. In order to avail the facilities offered by DBE certification program, minimum 51% of the shares should be owned and administered by a woman or minority.

Size of the business

The business of the applicant must be small according to the standards of the SBA and should not have gross receipts exceeding USD 22410000 in the last 3 fiscal years.

Freedom

An applicant for DBE certification programs should not be independent in its action and should not be controlled by any other firm. The authority to take action should dwell in the hands of the owner of the applicant company.

Organize

A disadvantaged business applicant for DBE certification program should hold the authority to change the direction of the rules and management of the organization. The owner of the application should have a general understanding along with managerial expertise related to the field. Technical knowhow about the business concerned is an added advantage.

Assumed Disadvantage

The company of an applicant becomes qualified for DBE certification if the owner is a member of any disadvantaged people community. According to the federal department monitoring the DBE, there are few groups considered as disadvantaged such as Hispanic Americans, Native Americans, Asian-Pacific Americans, women, Black Americans and Subcontinent Asian-Pacific Americans. In few cases, such applicants are not active members of such disadvantaged groups. During such situations, owners who are socially and economically disadvantaged may have the facility to apply for such programs.

Individual Net Worth

Proof, related with the eligibility criteria is one of the prime responsibilities for an applicant of DBE certification. Such a responsibility will enable an applicant to demonstrate the business size, control and its ownership.

DBE is a 90 day process. If while applying any related information or document is missing, the application may consume more time than required. After certification, the particular business will be listed in NYS Unified Certification Program.

by: Clipton Rivaldo

POST COMMENT

Different Roles In Prince2 Certification In Mumbai Different Roles In Prince2 Certification In Mumbai Different Roles In Prince2 Certification In Delhi Different Roles In Prince2 Certification In Delhi Do You Serve The Project Management Certifications? Do You Serve The Project Management Certifications? Role Of Project Manager In Prince2 Certification In Delhi Role Of Project Manager In Prince2 Certification In Delhi Role Of Project Manager In Prince2 Certification In Mumbai Role Of Project Manager In Prince2 Certification In Mumbai Prince2 Certification Practitioner Examination In Mumbai Some Basics About Prince2 Certification Prince2 Certification To Boost One