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NSBE - Wikipedia

The Next Level: Entrepreneurs


$10 Million in DOT Training Grants Available for Minority and Women-owned Firms
By
Feb 26, 2010, 18:17

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The Department of Transportation and the National Institute of Small Business Grants have announced $9.9 million in grants to provide training and other services to minority-owned and women-owned businesses to help them compete for highway contracts.

Disadvantaged Business Enterprise/Supportive Service grants are part of a federal effort to help state departments of transportation train certified DBE firms on subjects ranging from contract and business management, to procurement assistance and securing bonding. The goal of the program is to help them compete for federal highway projects.

A DBE is a for-profit, small business owned by minorities, women or economically disadvantaged individuals or, in the case of a corporation, in which 51 percent of the stock is owned by one or more such individuals. The daily business operations must be controlled by at least one of the socially and economically disadvantaged owners.

The funding for this program will be allocated to 33 states. The states receiving the most funding are California, Illinois, Minnesota, New York, Tennessee, Michigan, Ohio, Pennsylvania, and Indiana.

For more details, visit:
www.fhwa.dot.gov/civilrights/dbe_program_i.htm


For a listing of more 2010 business grant opportunities, visit: www.businessgrants.org
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Black technology entrepreneurs are increasingly providing the horsepower that drives the global economy. Over the last two decades, black entrepreneurs have created more jobs, and contributed much more to the economic expansion of the Black community as a whole, than any black pastor or politician. Black entrepreneurs are taking risks and building businesses that generate economic growth and increase prosperity in underserved areas, as more minority-owned and minority-focused businesses emerge, willing to serve the financial needs of Black entrepreneurs. US Black Engineer & Information Technology magazine's annual list of Top Black Technology Entrepreneurs reflects the expanding scope of leading Black entrepreneurs in information technology, homeland security, and defense.