Our Disadvantaged Business Enterprise Program increases contracting opportunities for businesses certified as socially or economically disadvantaged, according to U.S. Department of Transportation regulations 49 CFR Part 26.
The Port receives federal financial assistance from the USDOT through the Federal Aviation Administration (FAA) primarily for airport improvement projects. As a condition of that financial assistance, the Port must ensure that DBE-certified businesses have an equal opportunity to compete for and perform work on federally funded Port contracts.
The federal grant assurance requires the Port to establish DBE plans for its three airports and set annual DBE participation goals for airport projects and concessions; and submit annual reports to the FAA detailing actual DBE participation.
To qualify as a Disadvantaged Business Enterprise a business must be at least 51 percent owned by a minority or woman who are both socially and economically disadvantaged. The 51 percent owner(s), must have managerial and operational control over all aspects of the business and a personal network cap of $1.32 million. Recognized minorities include Black, Hispanic, Native American, Asian American, Subcontinent Asian American and others as defined by the U.S. Small Business Administration.