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Department of Transportation's DBE disadvantaged business enterprise program provides a vehicle for increasing the participation by MBEs in state and local procurement. Each DOT-assisted State and local transportation agency is required to establish annual DBE goals, and review the scopes of anticipated large prime contracts throughout the year and establish contract-specific DBE subcontracting goals.
In addition to establishing goals, state and local recipients also certify the eligibility of DBE firms to participate in DOT-assisted projects. Some groups are presumed to be socially and economically disadvantaged for the purposes of participation in this program.
In Congress added women to the groups presumed to be disadvantaged. The main objectives of the DBE Program are: To ensure that small disadvantaged business enterprises DBE can compete fairly for federally funded transportation-related projects.
To ensure that only eligible firms participate as DBEs. DOT has established a single DBE goal, encompassing both firms owned by women and minority group members. To be certified as a DBE, a firm must be a small business owned and controlled by socially and economically disadvantaged individuals.
Certifiers make the determinations based upon on-site visits, personal interviews, reviews of licenses, stock ownership, equipment, bonding capacity, work completed, resume of principal owners and financial capacity.We’re the inventive company that has revolutionized process structure and implementation in business.
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Financial information is a critical portion of any business plan. LivePlan has financial calculators and automatic projection-analysis tools. 5. The Marketing Plan 3 min. Readers of your business plan definitely want to know how you'll be marketing your product or service, this chapter identifies the key areas to include and what some of the important factors are to consider when writing your marketing plan.
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A version of a qualified plan is being marketed as a means for prospective business owners to access accumulated tax-deferred retirement funds, without paying applicable distribution taxes, in order to cover new business start-up costs.