Business Equity

Business Equity image shows Business Equity Firms or disadvantaged business enterprises

The Business Equity Division supports capacity building efforts for aspiring and existing Business Equity Firms (minority and women business enterprises), or disadvantaged business enterprises; leads efforts to close racial and gender gaps in City contracting and procurement; and assists Business Equity Firms in gaining access to prime contracting and sub-contracting opportunities offered through City contracting and procurement in compliance with the City Council’s most current Business Equity Ordinance #24534-11-2020(PDF, 17MB)

Qualified businesses for the Business Equity Program must be located within the City’s Marketplace defined as the City of Fort Worth (including portions of Parker, Wise and Denton counties), and Tarrant, Dallas, and Johnson counties. Additionally, the City may recognize other counties, like Collin, in the North Central Texas Region within a 100-mile radius from City Hall, in the City of Fort Worth, on a case-by-case basis, when contractors located within those counties can prove they have done business in the City of Fort Worth.

The Business Equity Division also collects and analyzes contract data on the utilization and availability of Business Equity Firms. Additionally, we collect and analyze contract closeout satisfaction survey data. This data is used to assess equity in the participation levels of Business Equity Firms in City contracting and procurement. The division proactively work side by side with City buyers and City project managers in developing equitable bid contracts, and identifies, engages, and connects pools of ready, willing, and able certified Business Equity Firms or disadvantaged business enterprises to future opportunities with the City of Fort Worth.

The following Business Equity Firms are program eligible in the City of Fort Worth:

MBE — means a minority owned business enterprise that is a sole proprietorship, partnership, corporation, limited liability company, joint venture or any other business or professional entity that is at least 51 percent owned and operated by one or more minorities or women or in the case of a publicly owned business, at least fifty one percent (51%) of all classes of the stock of which is owned by one or more minority individuals whose management, policies, major decisions and daily business operations are independently managed and controlled by one or more such minority individuals. The City accepts MBE certification from the following agencies: North Central Texas Regional Certification Agency (NCTRCA) and Dallas/Fort Worth Minority Business Development Council (DFW MSDC).


WBE — means a woman owned business enterprise that is a sole proprietorship, partnership, corporation, limited liability company, joint venture or any other business or professional entity that is at least 51 percent owned and operated by one or more women or in the case of a publicly owned business, at least fifty one percent (51%) of all classes of the stock of which is owned by one or more women AND whose management, policies, major decisions and daily business operations are independently managed and controlled by one or more women. The City accepts WBE certification from the following agencies: Women’s Business Council - Southwest (WBCS) and North Central Texas Regional Certification Agency (NCTRCA).


Certified Disadvantaged Business Enterprises are program eligible for federally-funded projects:

DBE — for-profit small businesses where socially and economically disadvantaged individuals own at least a 51% interest, and also control management and daily business operations. African Americans, Hispanics, Native Americans, Asian-Pacific and Subcontinent Asian Americans, and women are presumed to be socially and economically disadvantaged. To be regarded as economically disadvantaged, an individual must have a personal net worth that does not exceed $1.32 million. The City accepts DBE certification from the following agencies: North Central Texas Regional Certification Agency and Texas Department of Transportation (TxDOT), Unified Certification Program (UCP).

 

 

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