The Disadvantaged Business Enterprise (DBE) certification affords small businesses who meet the definition of disadvantaged an improved opportunity to compete for contracts. It is race- and gender-conscious.
Business Size: As of March 1, 2023, your annual revenues must not exceed an overall cap of $30.40 million, averaged over three years.
Ownership: At least 51% of your company ownership must be members of economically and socially disadvantaged groups (Women, Hispanic, Asian, Black, Native American).
Time in Business: You must actively be in business for at least one day, i.e., your trade name is registered with the State of Colorado.
Personal Net Worth: Each individual owner of a business enterprise whose ownership and control is relied upon for certification must be equal to or less than the permissible personal net worth amount determined by the U.S. Department of Transportation, excluding equity in primary residence and ownership interest in applicant’s business enterprise. More detail on eligibility requirements.
Work Type: A commercially useful function.
Fee: No application fee or administrative charge.