Why obtain ACDBE Certification?
What is the advantage?
ACDBE Certified business and certain Joint Ventures that have a partner that is ACDBE Certified will have priority or preference for Bids for Airport Concession space over non-ACDBE Certified business in many cases. In order to obtain federal funding and/or subsidies, Airports must provide concession space to ACDBE Certified businesses. If they do not, they risk losing federal funding. That is a very powerful incentive for Airports to give preference to bids for space submitted by ACDBE Certified businesses or ACDBE Joint Ventures.
There are a lot of advantages, and a lot of compliance issues that need to be dealt with. You don't need to know all of it, and it can be overwhelming, but you should consult with a qualified ACDBE lawyer familiar with the compliance issues.
So what are the next steps? Contact Michelle DelMar, Esq., ACDBE Lawyer for advice and representation concerning ACDBE Certification, becoming compliant, maintaining compliance and related ACDBE matters.
More information about ACDBE Certification:
First, are you or your business eligible for Certification? DBE and ACDBE certifications are for for-profit small businesses that have woman or minority individual owning at least a 51% ownership interest in the business AND also meet a certain level of control of management and daily business operations. African Americans, Hispanics, Native Americans, Asian-Pacific and Subcontinent Asian Americans, and women are presumed to be socially and economically disadvantaged; however, other individuals can also qualify as socially and economically disadvantaged. Such is determined on a case-by-case basis.
To participate in a DBE program, a small business owned, operated and controlled by socially and economically disadvantaged individuals must receive DBE certification from the applicable state. In addition, the 51% owner must have a personal net worth that does not exceed the maximum amount set by the Federal Government. Also the business must meet SBA size criteria and have average annual gross receipts not to exceed the maximum (Note, size limits for the airport concessions DBE program may be higher).
ACDBE is the DBE program for Airport Concessions and Airport Contrators.
Obtain the advice, representation from qualified legal counsel, that you need to move forward with ACDBE Certfication, ACDBE Joint Ventures and ACDBE Compliance matters.