ACDBE -  The Alphabets of  Government Certifications for the Airport in your state
ACDBE - Michelle Lenore Enterprises

ACDBE - The Alphabets of Government Certifications for the Airport in your state

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Airport Concession Disadvantaged Business Enterprise (ACDBE)

The purpose of certification is to ensure that only firms that fully meet the eligibility requirements of the regulation re permitted to participate as DBEs/ACDBEs. This means a concession that is a for-profit small business concern.

(1) That is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged or, in the case of a corporation, in which 51 percent of the stock is owned by one or more such individuals; and

(2) Whose management and daily business operations are controlled by one or more of the socially and economically disadvantaged individuals who own it

Business Size and Affiliation

• Review application and supporting documentation to determine if firm meets size standards – Gross receipts - from business tax returns (check NAICS) – Determine if there are affiliates – personal tax returns

Common Misconceptions

1.     ACDBE applicants have to be engaged in operating an airport concession when they apply in order to be certified as an ACDBE

•         (FALSE – applicants must only demonstrate that they own and have the ability to control such a business)

2.     The equity in an individual’s primary residence and the value of DBE or ACDBE businesses may be deducted from the individual’s personal net worth

•         (FALSE – Only the applicant business is deducted)

3.     If a firm is 100% owned by a disadvantaged individual, you can assume the firm meets the requirements (FALSE)

4.     It’s not necessary to carefully review the personal net worth statement if the applicant falls well below the cap (FALSE)

5.     As long as the firm has experience in a certain type of work, the firm should receive the NAICS code

•         (FALSE – the disadvantaged owner must control)

6.     A 51% disadvantaged owner must control the firm

•         (FALSE – One of the disadvantaged owners must control the firm)

7.     A disadvantaged owner cannot have outside employment

•         (FALSE – only if it conflicts with the management of the firm

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Need Help or Have Questions?

Are you ready to get certified then check out upcoming workshops & services that are offered at HERE?

More questions - reach me by direct message.

About the author: Michelle Lenore is the CEO of Michelle Lenore Enterprises & LENS Consulting Firm. Her groups help small businesses develop their confidence and professional presence to win contracts in the public & private sector.

Sustaining leadership capacity through the integration of Leveraging LinkedIn & obtaining Government Certifications for the community.

Michelle Lenore Enterprises: https://michellelenore.com/

LENS Consulting Firm: https://lensconsultingfirm.com/

Forge Radio Show: https://fuburadio.com/expert-corner/forge-radio-show/

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