DBE Gross Receipts Increased to $26.9M
The US Department of Transportation issued a ruling today that increases the DBE size standard to $26.29M, effective January 13, 2021, for FTA and FHWA funded projects. The statutory gross receipts cap for certified DBEs specified in 49 CFR §26.65 is adjusted for inflation from $23.98 million to $26.29 million. This adjustment applies to the DBE program only. If a …