WHAT IS A DBE OR ACDBE?

Attorney Michelle DelMar

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Michelle DelMar, Esq., Trademark Attorney, Contract Attorney, Corporation Attorney

 
 
Michelle DelMar, Esq.
 
Small Business Lawyer, Trademark Attorney and Executive Contract Lawyer.
 
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Michelle DelMar, Esq.

Business Lawyer, Trademark Lawyer and Executive Contract Lawyer

 

NEWS:  Fed and Airports are now more strict; What does this mean for your ACDBE Joint Venture? Waiting is costly.

WHAT IS A DBE OR ACDBE?

DO I QUALIFY AS A DISADVANTAGED BUSINESS ENTERPRISE?

DBE and ACDBE certifications are 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. 

 

Related Articles:

How to get an Airport Concessions Lease with ACDBE Certification

Airport Concessions Leasing

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