Any entity to which u.s. DOT financial assistance is extended from programs of the Federal Aviation Administration (FAA), Federal Highway Administration (FHW A) and/or Federal Transit Administration (FT A), whether directly as the primary recipient or indirectly as a sub-recipient through a primary recipient, or which entity has applied for such assistance.
Any entity to which U.S. DOT financial assistance is extended through a primary Recipient.
Disadvantaged Business Enterprise DBE:
A for-profit small business concern, at least 51 % owned by one or more individuals who are socially and economically disadvantaged, or, in the case of a corporation, at least 51 % of the stock of which is owned by one or more such individuals; and the management and daily business operations of such business are controlled by one or more of the socially and economically disadvantaged individuals who own it.
Socially and Economically Disadvantaged Individuals:
Any individual who is a citizen or lawfully admitted permanent resident of the United States and who is:
- Any individual who is found to be a socially and economically disadvantaged individual on a case-by-case basis
- Any individual in the following groups, members of which are rebuttably presumed to be socially and economically disadvantaged:
Small Business Concern:
With respect to firms seeking to participate as DBEs in U.S. DOT -assisted contracts, a small business concern is as defined in Section 3 of the Small Business Act and in the Small Business Administration (SBA) regulations 13 CPR Part 121; which business does not exceed the cap on average annual gross receipts specified in U.S. DOT regulation 49 CPR Section 26.65(b ).
Personal Net Worth:
Means the net value of an individual's assets remaining after total liabilities are deducted. As used herein, the personal net worth of each individual owner
of a DBE applicant firm must not exceed $1.32 million, excluding the individual's ownership interest in the applicant firm and the individual's equity in his or her personal, primary residence.