ODOT Presents How to be Certified as a Disadvantaged Business Enterprise

2200 Jefferson Avenue,Toledo OH 43604

18 April, 2023

Description

Ohio Department of Transportation (ODOT), Division of Opportunity, Diversity, and Inclusion, Office of Outreach, in collaboration with ASSETS Toledo is sponsoring an in-person event for business owners to learn how to receive a Disadvantaged Business Enterprise Certification. The Disadvantaged Business Enterprise (DBE) is a program to level the playing field by providing DBEs a fair opportunity to compete for federally-funded transportation contracts. A disadvantaged business enterprise (DBE) is a for-profit small business that is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged or, in the case of a corporation, in which 51 percent of the stock is owned by one or more such individuals; and whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individuals who own it. What are the benefits of becoming DBE certified? • Prime contractors and prime consultants rely on DBEs to fulfill the DBE subcontracting goals on U.S. Department of Transportation-assisted contracts. • DBEs may participate in a variety of supportive services such as training and technical assistance. • DBE certification in one's home state can allow a DBE firm to be certified in other states.