Per the federal regulations contained in
49 CFR Part 26, Electronic Code of Federal regulations, Independent,
for-profit firms, 51% owned by socially and economically disadvantaged
individual(s) that control management and daily business operations.
Socially Disadvantaged Individuals:
Subcontinent Asian Americans
Economically Disadvantaged Individuals:
Personal Net Worth of majority owner(s) must not exceed $1.32M
A firm must also be a small business concern as defined by the Small Business
Administration (SBA) regulations in 13 CFR part 121. In addition, 49 CFR part
26 provides a cap of $23.98 million average gross receipts over a three year
period for DBE
U.S. Citizens (or lawfully admitted permanent residents)
Certifiers make the determinations based upon personal interviews, reviews
of licenses, stock ownership, equipment, bonding capacity, work completed, resumes
of principal owners, financial capacity and most cases on-site visits.