US Departement of Transportation
The first MOU between USDOT and SBA will help the two agencies better support small disadvantaged businesses (SDBs) and Disadvantaged Business Enterprises (DBEs) in the transportation industry by breaking down systemic barriers that have historically prevented SDBs and DBEs from fully benefiting from government contracting opportunities. It will help small businesses in transportation obtain bonds or increase their bonding capacity to compete in DOT-funded projects.
The second MOU between USDOT and SBA reflects commitments by both agencies to provide additional access to capital for small businesses, with a focus on small and disadvantaged businesses (SDB) and disadvantaged business enterprise (DBE) firms. The MOU will make available to DOT stakeholders the network of SBA Small Business Investment Company (SBIC)-related resources and support from the SBA Office of Investment and Innovation to facilitate access to private capital for small businesses (with a focus on SDB and DBE firms) pursuing contract opportunities resulting from the Bipartisan Infrastructure Law.
