Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is the difference between a DBE and an MBE or WBE?

dbe MBE WBE
0
Posted

What is the difference between a DBE and an MBE or WBE?

0

A11: A Minority Business Enterprise (MBE) is one that is at least 51 percent owned and controlled by a minority, including, but not limited to: African Americans, Hispanic Americans, Portuguese Americans, Native Americans, Asian-Pacific Americans, or Asian-Indian Americans. A Woman-Owned Business Enterprise (WBE) is one that is at least 51 percent owned and controlled by a woman. To become certified as a DBE under federal guidelines, a small business must be at least 51 percent owned and controlled by one or more socially and economically disadvantaged individuals. Federal regulations presume that women and minorities, listed above, are socially disadvantaged. Additionally, firms must meet criteria for revenue, staffing and personal worth. More information can be found at the following URL: http://www.somwba.state.ma.us/Content/certification/certification.aspx.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123