Disadvantage Business Association
ABOUT
Disadvantage Business Association, DBA is a non profit organization here to help you achieve your dreams. Our mission is to equipment society for change, through training, reorganizing and help maintain healthy business practices. With our knowledge and resources we can help companies get more opportunities at success.
Definition of a Disadvantaged Business Enterprise
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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.
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To participate in the DBE program, a small business owned and controlled by socially and economically disadvantaged individuals must receive DBE certification from the relevant state– generally through the state Uniform Certification Program (UCP).
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According to a 2018 report from the U.S. Small Business Administration, minorities own 8 million of the country’s 30.2 million small businesses. The Senate Committee on Small Business & Entrepreneurship found minority-owned businesses made up more than 50% of the 2 million new U.S. businesses started in the last decade. Of the small businesses driving economic growth, they’re responsible for providing 4.6 million jobs.
info@disadvantagebusinessassociation.com
123-456-7890