What is a Disadvantaged Business Enterprise in the world of airport retail?
As defined by the Department of Transportation on their web site (www.osdbu.dot.gov), a Disadvantaged Business Enterprise is a for-profit small business where socially or economically disadvantaged individuals own at least a 51 percent interest and control management and daily business operations. African American, Hispanic, Native American, Asian-Pacific, Subcontinent American and female owned and operated businesses are generally qualified to receive DBE status. Other companies can also qualify as DBEs on a case-by-case basis. The DBE program is unique to the transportation industry. The Department of Transportation mandates sales percentage goals to be reached specifically by DBE operations for each property/program. The objective is to create a “level playing field” on which all firms can compete. Although DBE certification can be cumbersome and time consuming, it is not usually required, nor is it often pursued by, specialty leasing tenants, because the review/approval process may
Related Questions
- How do I certify my business as a Disadvantaged Business Enterprise (DBE) with the State of Connecticut, Department of Transportation (DOT)?
- I am a disadvantaged/minority/woman owned business enterprise (D/M/WBE); how can I compete for the DFW Airport’s business?
- What is a Disadvantaged Business Enterprise?
