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This document outlines the Disadvantaged Business Enterprise (DBE) Program established by the City of Hot Springs for the Hot Springs Municipal Airport, ensuring equal opportunities for DBEs in DOT-assisted contracts, compliance with federal regulations, and measures to remove barriers preventing DBE participation.
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How to fill out disadvantaged business enterprise program

01
Determine eligibility by checking if the business meets the size standards set by the SBA.
02
Gather required documentation, including proof of ownership, control, and personal net worth.
03
Complete the application forms specific to the DBE program.
04
Submit the application along with all required documentation to the appropriate transportation authority.
05
Attend any required interviews or hearings as part of the review process.
06
Await approval and address any follow-up questions from the reviewing agency.
07
Maintain compliance by keeping documentation updated and reporting any changes in business structure.

Who needs disadvantaged business enterprise program?

01
Small business owners who are socially and economically disadvantaged.
02
Businesses seeking to participate in federally funded transportation projects.
03
Contractors looking to increase diversity within their partnerships in public contracts.
04
Entrepreneurs in industries where DBE certification can provide a competitive advantage.
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The Disadvantaged Business Enterprise (DBE) program is a federal program aimed at providing opportunities for small businesses owned and controlled by socially and economically disadvantaged individuals to participate in government contracts and projects.
Organizations and businesses that are seeking to participate in contracts funded by the Department of Transportation or other federal agencies are required to file under the Disadvantaged Business Enterprise program.
To fill out the Disadvantaged Business Enterprise program forms, businesses need to provide detailed information about ownership, management, financial status, and social disadvantage, along with necessary documentation to prove eligibility.
The purpose of the DBE program is to promote equal opportunities for disadvantaged businesses in federally funded projects, increase their visibility in the marketplace, and aid in their growth and development.
Businesses must report information regarding ownership structure, gross receipts, personal net worth of the owners, as well as documentation supporting their status as a socially and economically disadvantaged business.
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DBE Program Hot Springs Municipal Airport U.S. Department of Transportation DOT-assisted contracts nondiscrimination equal opportunity federal financial assistance market participation construction contracts minority business participation

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