Department of Transportation - Salaries and Expenses, Recovery Act Recovery Plan
The objective of the Disadvantaged Business Enterprise (DBE) Recovery Act Bonding Assistance Program is to assist DBEs to obtain bid, payment, and performance bonds in a timely and efficient manner, which will enable DBEs to compete for and perform transportation-related projects receiving Recovery Act funding from DOT.
Disadvantaged Business Enterprise business owners will benefit by obtaining bonding that may have otherwise been unavailable to them to compete for and perform transportation-related projects. Thus enabling Disadvantaged Business Enterprise companies to continue to grow their small businesses, create jobs, and stimulate the economy.
The measures have been revised to enrich the performance metrics for Recovery targets. In some instances, targets will not be available until additional baseline data has been collected.
Number of Disadvantaged Business Enterprises (DBE) getting bonds.
|Frequency : Monthly|
|Direction : Increasing|
|Type : Outcome|
|Explanation : Certified DBE business owners will benefit by obtaining bonding that may have otherwise been unavailable to them to compete for and perform transportation-related projects. Thus enabling Disadvantaged Business Enterprise companies to continue to grow their small businesses, create jobs, and stimulate the economy. Every month we will have data showing the number of DBEs that have been able to get bonds for ARRA funded projects.|
|Unit : DBE bonds processed|
Schedule and Milestones
Held meetings with SBA, OMB and DOT's General Counsel and Office Budget and Performance to develop policy and guidance to establish the DBE bonding assistance program.
|Partner With Small Business Administration to craft a program to provide timely bonding assistance to Disadvantaged Business Enterprises.
|Design and implement processes, financial systems requirements, marketing and information dissemination strategies, and guidance to Disadvantaged Business Enterprises to execute the program.
|Developed an internal communication strategy to disseminate relevant program information to the Disadvantaged Business Enterprise community.
Projects and Activities
Certified Disadvantaged Business Enterprise business owners working with the U.S. Small Business Administration Bonding Program seeking to get bonds for construction projects funded by American Recovery and Reinvestment Act, will be eligible to receive a fee subsidy.
Our office will measure the number of Disadvantaged Business Enterprises (DBE) that will get bonds through the bonding assistance program. On a regular basis surety companies and/or the Small Business Administration will provide data on the number of DBEs that have received bonding assistance through our program.
Cost and Performance Plan
Cost to implement this program will be minimal since we will be paying an administrative fee to the Small Business Administration (SBA) for bonds guaranteed under our program. All direct expenses and obligations of our disadvantaged business enterprise bonding assistance program to reimburse SBA fees will be available through the agency's financial report due every Monday.
Energy Efficiency Spending Plans
Program Plan Award Types
No Data Available