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City of Springfield, Ohio
Disadvantaged Business Enterprise Program for FTA assisted ProjectsMEMORANDUM
TO : BRYAN L. HECK, CITY MANAGER
FROM: SHANNON L. MEADOWS, COMMUNITY DEVELOPMENT DIRECTOR
DATE:
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How to fill out disadvantaged business enterprise program
How to fill out disadvantaged business enterprise program
01
To fill out the disadvantaged business enterprise program, follow these steps:
02
Determine if you meet the eligibility criteria for the program. Generally, businesses owned and controlled by socially or economically disadvantaged individuals may qualify.
03
Gather the necessary documentation to support your claim of disadvantage. This may include personal financial statements, tax returns, business licenses, and proof of ownership and control.
04
Complete the application form provided by the relevant agency or organization administering the program. Provide accurate and detailed information about your business, its ownership structure, and its operations.
05
Attach all required supporting documents to the application form. Ensure they are properly organized and easy to comprehend.
06
Submit the completed application along with the supporting documents to the appropriate program administrator. Follow any additional instructions provided by the administrator.
07
Await a decision on your application. This may involve a review of your documentation, an on-site visit, or an interview.
08
If your application is approved, you may be eligible for various benefits and opportunities provided by the disadvantaged business enterprise program. Familiarize yourself with these benefits and take advantage of them to grow your business.
Who needs disadvantaged business enterprise program?
01
The disadvantaged business enterprise program is designed for individuals or businesses who have faced social or economic disadvantages and are seeking opportunities in government contracting or procurement.
02
Specifically, the program is helpful for minority-owned businesses, women-owned businesses, veteran-owned businesses, and other historically marginalized groups.
03
Additionally, prime contractors or government agencies seeking to fulfill their diversity or inclusion objectives may also have a need for the participation of disadvantaged business enterprises in their projects.
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What is disadvantaged business enterprise program?
Disadvantaged Business Enterprise (DBE) program is a federal program that sets aside a percentage of contracts for small businesses owned and operated by individuals who are socially and economically disadvantaged.
Who is required to file disadvantaged business enterprise program?
Any federal agency or recipient of federal funding that engages in contracting activities is required to have a DBE program.
How to fill out disadvantaged business enterprise program?
To fill out a DBE program, businesses must provide information on the ownership, control, and operations of the company to demonstrate eligibility.
What is the purpose of disadvantaged business enterprise program?
The purpose of DBE program is to ensure that small businesses owned by disadvantaged individuals have fair access to contracting opportunities.
What information must be reported on disadvantaged business enterprise program?
Information such as ownership details, financial information, and certification documents must be reported on the DBE program.
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