Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster
Davis Motor Sales banner ad

Gov. Beshear Announces Program to Ensure Role for Qualified Small Businesses in Federally Funded Transportation Projects

beshear b 300FRANKFORT, Ky. (8/13/14) — Governor Steve Beshear announced new steps to ensure qualified small businesses have a role in federally funded transportation projects in Kentucky.

“More than 90 percent of Kentucky businesses have 50 or fewer employees, so the importance of small businesses is as obvious as it is significant,” Gov. Beshear said. “My administration has been committed to helping small businesses succeed, and the action being announced today is in keeping with that commitment.”

The new initiative involves the Kentucky Transportation Cabinet, which has implemented a Small Business Enterprise program within its long-established program for Disadvantaged Business Enterprises.

As is already done for DBEs, the cabinet will set a small business participation goal for each transportation project that is assisted by the Federal Highway Administration and is of $2 million or more. Firms can compete for these prime contract and subcontract awards if they become SBE-certified and do not have gross receipts in excess of $22.4 million. SBE goals for projects will be set in addition to DBE goals.

To become SBE-certified, firms must meet criteria established by the U.S. Small Business Administration. In addition, the personal net worth of the firm’s majority owner must be less than $1.32 million. If majority ownership rests with multiple owners, the same limit applies to each.

SBE certification is for three years. At a three-year review date, the small business will be required to submit an updated application for continued eligibility. Once certified, and to remain certified, SBEs must annually submit a “no change affidavit,” personal financial statement and a copy of the most recent federal tax return for the firm and each owner. They must also report matters that may affect their eligibility.

Information and application packets are available from the Small Business Development Branch of the KYTC Office of Civil Rights and Small Business Development. Branch personnel can be contacted at (800) 928-3079 or (502) 564-3601, or online at http://transportation.ky.gov/Civil-Rights-and-Small-Business-Development/Pages/SmallBusinessHome.aspx.

SurfKY News
Information provided by Office of the Governor

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

button coupons
button classifieds

In Other News...

Wells Named Commended Student in 2015 National Merit Scholarship Program

MARSHALL COUNTY, Ky. (12/19/14) — Amy Waggoner, principal at Marshall County High School announced today that Caroline… Read More

MCHS Faculty Nominate Students, Teachers That Exemplify School Mission

MARSHALL COUNTY, Ky. (12/12/14) — Recently MCHS faculty nominated students and teachers that exemplify the… Read More

Most Read This Week

December 16, 2014 10409

Coal Miner Fatally Injured in Underground Mining…

in Top News For All Sites by Dick Brown
December 14, 2014 8996

Muhlenberg Pays Homage to U.S. Armed Forces

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
December 17, 2014 7349

Elderly Couple Found Shot to Death in Muhlenberg

in Local (Muhlenberg) Top News by Trooper Stu Recke
December 17, 2014 6686

Three Men Charged with Burglary

in Local (Hopkins) Top News by Madisonville Police Department
December 15, 2014 5021

Hopkins County Woman Charged Second Time in Two…

in Local (Hopkins) Top News by Charles W. Riley II, SurfKY News
December 15, 2014 4461

Woman Leads Police on High-Speed Chase in Stolen…

in Local (Hopkins) Top News by Madisonville Police
December 19, 2014 4080

Dawson Springs Man Charged with Sexual Abuse of…

in Local (Hopkins) Top News by Detective Sean McCance
December 18, 2014 4022

Cat Scratching over Dog Ownership Escalates

in Local (Hopkins) Top News by Amber Averitt, SurfKY News
December 19, 2014 3868

Armstrong Mine to Layoff 39 by End of Day

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
December 19, 2014 3712

Woman Flown to St. Mary's after Two-Car Collision

in Local (Hopkins) Top News by Trooper Stu Recke

Stories Trending Today

December 19, 2014 4080

Dawson Springs Man Charged with Sexual Abuse of…

in Local (Hopkins) Top News by Detective Sean McCance
December 19, 2014 3868

Armstrong Mine to Layoff 39 by End of Day

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
December 19, 2014 3712

Woman Flown to St. Mary's after Two-Car Collision

in Local (Hopkins) Top News by Trooper Stu Recke
December 19, 2014 3177

Vehicle Explodes into Flames on Pride Avenue

in Local (Hopkins) Top News by Gwen Smith
December 19, 2014 3042

Vehicle Fire Causes Traffic Back-Up on Pennyrile

in Local (Hopkins) Top News by Doreen Dennis
December 19, 2014 1695

Muhlenberg District Court Fines Handed Down

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
December 19, 2014 1524

Madisonville Police Arrest Reports - Dec. 19, 2014

in Hopkins News by Madisonville Police Department
December 19, 2014 1395

Hopkins County Sheriff's Reports Released

in Hopkins News by Sheila Hopper
December 19, 2014 1278

KSP Post 2 Trooper Honored for DUI Enforcement…

in Top News For All Sites Touching Hopkins by Trooper S. C. Recke
December 19, 2014 1199

Pennyrile Narcotics Task Force Obtains Multiple…

in Local (Hopkinsville) Top News by Lori Blakeley

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss