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Hillsborough County expands small and diverse business programs

The Hillsborough County Board of County Commissioners has recently approved changes to the County's Small Business Enterprise (SBE) Encouragement program and its Disadvantaged Minority/Disadvantaged Women Business Enterprise (DM/DWBE) program.

Under the new changes, the SBE Encouragement program will be enlarged to extend eligibility to small businesses located in the nearby counties of Pinellas, Pasco, and Hernando. Additionally, SBE eligibility requirements will be increased, to make more businesses eligible, with the max full-time employee count raised to 50, and a maximum gross annual sales cap for construction businesses raised to $8 million. The DM/DWBE program, similarly, will raise its maximum net worth cap for qualifying businesses to $5 million for construction businesses.

With the intent of preventing the "pass-through" phenomenon, a new requirement introduced by the County specifies that at least 50 percent of the work awarded to any MBE or SBE be performed by the MBE or SBE's own workforce.

These changes come on the heels of the County establishing a dedicated Minority and Small Business Enterprises Division.

Read the press release from the County at https://www.hillsboroughcounty.org/en/newsroom/2022/02/04/hillsborough-county-expands-minority-and-small-business-programs.