“Certified Business Enterprise (CBE) is a business that is headquartered in the District of Columbia and has been certified by the Department of Small and Local Business Development (DSLBD). Businesses with CBE certification receive preferred procurement and contracting opportunities.”
“Developers that enter into CBE Agreements with the District on private projects are required to subcontract at least 35 percent of the project’s adjusted budget to CBEs. In total, DSLBD’s mandate includes eight (8) compliance and enforcement programs.”
“An individual, or business entity, seeking to develop or purchase District government-funded or assisted property or land, must enter into an agreement with the city to become partners in providing business opportunities to local firms certified through the Department of Small and Local Business Development (DSLBD). These agreements, or CBE Agreements, are executed by the DSLBD and are monitored to determine the achievement of 35 percent CBE utilization over the life of the project’s construction.”
When it comes to developing in the District of Columbia it is best to team up with a company that understands the requirements enforced by DSLBD. There are a few ways that getting involved with TSG, a Certified Business Enterprise, can help you achieve your required minimum of 35% CBE utilization.
To see our list of successful partnerships, please visit our Projects page (link).
For more information on how partnering with a CBE/SBE can help your next project, please contact us here.