December 12, 2017
Q: What is a DBE/SBE/MBE company and why does this construction trucking company warrant an article?
Q: Are you looking for support and/or to gain incentives from the government to grow your business?
DBE: Disadvantaged Business Enterprise
“To be eligible for the DBE program, you must own 51% or more of a small business, establish that you are socially and economically disadvantaged according to DOT regulations and prove that you have daily control of your business.” (Transportation.Gov)
SBE: Small Business Enterprise
“Some of the key criteria for the SBE certification includes being independently owned and operated, not dominant in your field of operation, having your principal office located in California, and owners domiciled in California”., (The Department of General Services, Government of California)
MBE: Minority Business Enterprise
“Minority ownership means a business is at least 51% owned by a minority group such as Asian, African American, Hispanic, Native American.” (National Minority Supplier Development Council)
Monzon and Son is the single largest DBE/SBE/MBE certified construction trucking company in Los Angeles.
The pride is ours to have, but the benefits for our customers are tremendous. Many business owners or C-Suite executives don’t understand this because these advantages are intangible. However, we hope to give you some insight into why you should be working with a DBE/SBE/MBEcertified vendor. The aim here is to demystify the assumptions and possible questions you may have. In addition, we can help you further by phone or you can Google articles to get more information about DBE/SBE/MBE certification.
A DBE/SBE/MBE certified company can offer more flexibility and balance in comparison to a non-DBE/SBE/MBE supplier; they can offer cost saving strategies due to diversity spend requirements and by taking advantage of a number of federal and state tax incentives, tax breaks and potential rebates. We like to look at it as a win-win partnership with our customers.
Another huge benefit is brand recognition in the community, supporting and strengthening the mission to support DBE/SBE/MBE communities and diversity in the workplace. Incorporating this into the business culture and marketing efforts makes for a priceless investment in this intangible asset when working with a DBE/SBE/MBE supplier.
From a company policy standpoint, large and small corporations are always seeking DBE/SBE/MBE owned businesses to meet supplier diversity goals. This is HUGE! So if you have a construction project, Monzon and Son can be part of that undertaking as an approved DBE/SBE/MBE business. Meeting a business diversity spend will not only help your business, but will allow you to expand into government project opportunities as well.
Many people don’t know this, but by meeting compliance requirements by using a DBE/SBE/MBE certified vendor, companies can expand their revenue by acquiring larger purchase opportunities that mandate a specific amount of spend through a DBE/SBE/MBE . The result will be increased growth opportunities and a win-win outcome for all. Although understanding bidding for government contracts is a process to be learnt and adopted, it isn’t difficult and shouldn’t be shied away from. Many stringent requirements are put in place to qualify a company to be a DBE/SBE/MBE certified business. This process in turn validates the quality of the vendor and the reliability and deliverables will be unmatched.
Monzon and Son are based in Lynwood, Los Angeles, California. We are focused on infrastructure and construction development projects in Los Angeles and Greater Los Angeles. We have a fleet of construction trucks which provide top notch service. As we grow, we offer equal employment opportunities and encourage certified drivers to apply. We are a privately owned family business and are proud to be the single largest DBE/SBE/MBE construction trucking company in Los Angeles.