What are the personal net worth eligibility requirements?
Both the MBE Program and the DBE Program have Personal Net Worth (PNW) eligibility requirements. To qualify as an MBE, the PNW of each socially and economically disadvantaged individual who owns and controls the firm, as a part of the 51% ownership, must not exceed $1,500,000.00. When an individual’s PNW exceeds the $1,500,000.00 threshold, the individual is no longer eligible to participate in the MBE Program. The PNW for each socially and economically disadvantaged individual who owns and controls a DBE firm, as part of the 51% ownership, must not exceed $750,000.00.
