City of Lake Worth Beach Equal Business Opportunity Program

Purpose:

To Promote City of Lake Worth Beach Economic Growth through Fair and Equitable Trade

with the City of Lake Worth Beach Small Businesses

Business Requirements:

1. Must be a Licensed Business with Corporate Office Located inside the

Boundaries of the City of Lake Worth Beach

2. Business Owner Must Reside in The City of Lake Worth Beach
3. Minimum 35% of Business’ Employees Reside in The City of Lake Worth Beach
4. Business is a Palm Beach County Certified S/M/WBE (Small Business Enterprise)

The City of Lake Worth Beach Will:

1. Accept Palm Beach County’s S/M/WBE Certification
2. In conjunction with the CRA, Compile a Preferred Vendor Database
3. In conjunction with the CRA, encourage all Contractors/Developers/Businesses to send RFQ’s, RFP’s and IFBs etc. to all Preferred Venders who meet Project/Bid Qualifications

• Then Contractors/Developers/Businesses will agree any Qualified Preferred Vender coming within 5% of the lowest bid will be awarded the contract

4. All City of Lake Worth Beach Projects over $500,000 would require the Prime Contractor/Developer/Business to adhere to a 15% Subcontractor participation rate (in purchased goods and/or services) through the City’s Preferred Venders (whenever such qualified Lake Worth Beach Preferred Vender business(es) exist) unless contract is awarded to a City of Lake Worth Beach S/M/WBE. (Suggestion for upcoming Revised Charter Review)

NOTE: To be most effective, the 15% participation requirement would be extended, in the revised charter, to include both new and existing contracts (i.e. Davie, PBSO etc.) with the City of Lake Worth Beach.