The Disadvantaged Business Enterprise (DBE) Program is primarily funded by the United States Department of Transportation and administered by the Arkansas State Highway and Transportation Department. The Commission established a 15% goal for Bill and Hillary Clinton National Airport’s (LIT) DBE participation. LIT has a DBE Task Force that administers its participation. The DBE Task Force members are Commissioners Bob East and Virgil Miller. See DBE 2011 Annual Goal Report.
The Disadvantaged Business Enterprise Program was created to:
Ensure nondiscrimination in the award and administration of federally assisted contracts.
Create a level playing field on which DBEs can compete for federally assisted contracts.
Help remove barriers that affect participation of DBEs in federally assisted contracts; and
Assist the development of firms that can compete successfully in the marketplace outside the DBE program.
The DBE Program provides companies with substantial benefits. Some of these benefits include:
Companies will be listed in the Arkansas State Highway and Transportation Department Directory that is distributed among Prime Contractors, and Consultants throughout the State of Arkansas. A copy the directory is also available here.
The DBE Directory is a successful marketing tool for DBEs.
The directory may be a key to generating new business opportunities.
Before being certified as a DBE, a company must meet the following requirements:
The owner must be a member of a socially and economically disadvantaged group. This means owners who are citizens of the United States, or who are lawfully admitted permanent residents, and are: Black, Hispanic, Native Americans, Asian-Pacific Islanders, Subcontinent Asians, service disabled veterans, or women regardless of race.
The business must be owned, at least 51% by one or more individuals who are considered members of a socially and economically disadvantage group.
The owner must control the company’s management and daily operations.
An owner’s personal net worth cannot exceed $750,000 (excluding ownership interest in the firm and the equity in his/her primary residence).
The company must meet the Small Business Administration’s Size Standard requirements. Visit http://www.sba.gov for more information.
LIT will work to aid organizations in their efforts to become certified as a DBE. We have on-site staff to assist first time applicants with the certification process as well as answer any question and concerns you may have. For more information regarding LIT’s DBE Program or DBE certification contact Leonard Smith or Kimberlean Hubbard at 501-372-3439, Option 9.