NYCEDC – Financing & Incentives – Additional Services

Additional Services

LOCALLY-BASED ENTERPRISE SYSTEM

	Program Description
	Eligibility

	Program Benefits
	Contact Information

PROGRAM DESCRIPTION

The Locally-Based Enterprise Program (LBE) works to ensure that New York’s LBE firms get preference for subcontracting opportunities with general contractors who are fulfilling large-scale City projects.

ELIGIBILITY

To qualify for certification into the LBE program, applicants must:

Be in business for at least one year
Perform at least 25 percent of their work in an economic development area of New York City or employ a workforce of which at least 25% are economically disadvantage persons
Have earned average annual gross receipts in the last three tax years of less than $2 million for all construction and construction-related work (If the firm has been in business for less than three years, average gross receipts of all years in which taxes were filed must be less than $2 million.)

PROGRAM BENEFITS

Contractors doing work for the City of New York are required to award 10 percent of their subcontracts to certified LBEs. If the contract is under $250,000, LBEs are eligible for an exemption from City performance bond requirements. SBS also provides services to construction and construction-related businesses by ensuring their participation in the following opportunities:

Free advertising in the NYC Online Directory of Certified Businesses
Free technical assistance with bids and proposals
Free and/or discounted lead education courses offered by the Department of Housing Preservation and Development

Discounted computers and continuing education classes offered by participating City University of New York colleges.

CONTACT INFORMATION

Get more information on the LBE Program in the New York City Business Solutions section of the City’s Website.

Small Business Solutions
110 William Street
New York, NY 10038
311 or 212-NEW-YORK (from outside New York City)
businesssolutions@sbs.nyc.gov