What are the Personal Net Worth eligibility requirements?
Both the MBE Program and the DBE Program have Personal Net Worth (PNW) eligibility requirements. PNW is the net value of assets held by an individual, and includes, if married, those assets held jointly or as community property with the spouse.
The PNW cap for the MBE Program is $1,713,333 (January 1 – December 31, 2018). PNW calculations for the MBE Program DO NOT include the applicant’s personal residence, the value of the applicant’s business or any other business owned by the applicant that is certified as an MBE, or $500,000 of qualified retirement savings.
The PNW cap for the DBE Program is $1,320,000. PNW calculations for the DBE Program DO NOT include the applicant’s personal residence and the value of the applicant’s business.
When an individual’s PNW exceeds the threshold, the individual is no longer eligible to participate in the applicable program.