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.

In Other News...

Closure on Kentucky 807 in Trigg County on Wednesday

TRIGG COUNTY, Ky. (10/28/14) — The Kentucky Transportation Cabinet plans to close Kentucky 807 in Trigg County… Read More

Governor Beshear Presents Funding for Kuttawa Bike/Ped Trail, Amphitheater at Lake Barkley

KUTTAWA, Ky. (10/29/14) — Governor Steve Beshear today came to Lyon County to ceremonially deliver funding for two… Read More

Most Read This Week

October 29, 2014 8615

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 24, 2014 7303

Central City Man Charged with Sexual Assault on…

in Local (Muhlenberg) Top News by Chris Cooper
October 27, 2014 5953

Earlington Woman Charged With Burglary for…

in Local (Hopkins) Top News by Madisonville Police Department
October 27, 2014 4255

Baptist Health Madisonville Performs Baptist…

in Local (Hopkins) Top News by Kristy Quinn
October 23, 2014 4253

Don Everly to be Part of Rock and Roll Hall of…

in Top News For All Sites by Paul McRee, SurfKY News
October 28, 2014 3742

UPDATE: 'Runner' Ran Home; Family Happy

in Hopkins News by Lisa Crook
October 24, 2014 3610

Miners Turn Out in Madisonville for…

in Top News For All Sites by Rita Dukes Smith, SurfKY News Director
October 29, 2014 3545

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 27, 2014 3236

Woman Charged for Domestic Assault with Scissors,…

in Local (Hopkins) Top News by Madisonville Police Department
October 28, 2014 3116

UPDATE: Extended to Wednesday; Heaven's Gates and…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News

Stories Trending Today

October 29, 2014 8615

UPDATE: Medical Examiner's Official Report…

in Local (Lakes) Top News by Dennis Thomas
October 29, 2014 3545

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 29, 2014 2275

Hypodermic Needle Sticking Out of Jacket During…

in Local (Hopkins) Top News by Madisonville Police Department
October 29, 2014 1921

Pennyrile Gymnastic Team to Perform on 'America's…

in Local (Hopkins) Top News by Paul McRee, SurfKY News
October 29, 2014 1424

Huge Crowds Visit Uncle Lee’s First Day of…

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 29, 2014 1417

Madisonville Police Arrest Reports - Oct. 29, 2014

in Hopkins News by Madisonville Police Department
October 29, 2014 1139

Trespassing Complaint Ends with Shoplifting Arrest

in Hopkins News by Madisonville Police Department
October 29, 2014 933

Water Main Break Sends Stream Dozens of Feet in…

in Hopkins News by Rita Dukes Smith, SurfKY News Director
October 29, 2014 808

Crime Stoppers Top Most Wanted - October 29, 2014

in Video by Crime Stoppers
October 29, 2014 748

Mercy Medical Associates Open New Vascular Clinic…

in Local (Paducah) Top News by Suzanne Farmer

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