Thursday, September 17, 2009

DB What - DBE


Transafe is a certified "DBE" What is that you ask? The official definition follows:

"DBEs are for-profit small business concerns where socially and economically disadvantaged individuals own at least a 51% interest and also control management and daily business operations.
African Americans, Hispanics, Native Americans, Asian-Pacific and Subcontinent Asian Americans, and women are presumed to be socially and economically disadvantaged. Other individuals can also qualify as socially and economically disadvantaged on a case-by-case basis"

Source: http://osdbu.dot.gov/DBEProgram/definitions.cfm

Ok if you are like most of us that is a little over our head. In layman's terms it means if you are a woman owned business - then you can apply for a DBE. Being that Betty Sue is our fearless leader like I mentioned in one of my previous posts it means we are a DBE. Please note that there was LOTS of paperwork that had to be filled out to receive the DBE status. LOTS of paperwork - did I mention LOTS of paperwork. We are certified in most of the southern states in additon ot Kentucky and Indiana. Contractors when they bid their work to the state DOT's they have to meet a certain percentage DBE goal. That is where we come in. Contractors can use their purchases from us to count towards their goal!

Whew.... that's kind of boring - but hopefully you get the gist and if you happen to need a DBE you know were to find us. We can help you with your goal. Not Field goal but DBE Goal!

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