Demystifying the DBE Process
Have you ever wondered what a DBE is, or how to register as a DBE? DBE stands for Disadvantaged Business Enterprises. It is a business that is owned and operated by a socially or economically disadvantaged individual.
What is a socially disadvantaged individual? A socially disadvantaged individual is a person who has been subjected to racial or ethnic prejudices or cultural biases. In Washington State, some people are presumed to be socially disadvantaged, those groups are: women and people who are Black/African American, Hispanic/Latino, Native American, Native Alaskan, Asian, Pacific Islander, or Native Hawaiian.
What is an economically disadvantaged individual? The state of Washington’s Office of Minority and Women’s Business Enterprises’ definition is: a person whose ability to compete in business has been impaired due to diminished capital and credit opportunities, as compared to others in the same or similar line of business who are not socially disadvantaged.
Are you eligible? The state of Washington considers the following:
Your company’s overall gross receipts for a three year period,
Whether the owner is a socially or economically disadvantaged individual and,
Ownership, control, and independence.
How does being a DBE benefit you? Registering as a DBE can have a few benefits:
Increased company visibility,
Enhanced government contracting opportunities and,
Potentially lower interest rates on small business loans.
For help registering as a DBE, please reach out to us and we can help you navigate the complex DBE registration process.
