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Name of Attorney Telephone L. Name of CPA In addition to the required supporting documents listed on the DBE Uniform Certification Application checklist MDOT requires that the applicant Submit resumes for Owner s Director s and all KEY PERSONNEL Submit documented proof of the contributions made for stock purchase Submit the firm s last four quarterly unemployment reports If a corporation submit the firm s first and last stockholder s and Board of Directors minutes Submit only the Personal Net W ...

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What does DBE stand for in business?

DBEs are for-profit small business concerns where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations.

What is a disadvantaged business enterprise?

DBEs are for-profit small business concerns where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations.

What is the net worth of a DBE certified person?

Before You Start The DBE Application Process The disadvantaged individual must be a U.S. citizen (or resident alien) and be a member of a socially and economically disadvantaged group. The disadvantaged individual applying must have a personal net-worth (PNW) of less than $1,320,000.

What is a DBE or Acdbe?

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.

What is a Acdbe certification?

ACDBE is an acronym for Airport Concessions Disadvantaged Business Enterprise. The ACDBE Program is similar to the DBE program in that it is a Department of Transportation (DOT) program designed to level the playing field for small businesses who wish to participate in contracting opportunities at airports.

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