The Local Developing Business (LDB) program is designed to promote, develop and support local businesses and to ensure the availability of these firms to compete and participate in GOAA projects. The Small Business Development Department supports the use of a LDB as a business concern that is domiciled in the Local Area, meets the Revenue Limitations, and is owned and controlled by one or more individuals whose personal net worth does not exceed the Net Worth Limitation.

Local Area

The Orlando Standard Metropolitan Statistical Area, which includes Orange, Seminole, Osceola and Lake counties.

Revenue Limitations

1. Construction contracting services and consulting services related to planning, design, construction related improvements, architectural and engineering services – $5,000,000 in annual gross revenues averaged over the preceding three (3) years.
2. Professional Services – $2,000,000 annual gross revenues averaged over the preceding three (3) years.
3. Procurement of goods and services not included in 1 and 2 above – $2,000,000 annual gross profit averaged over the preceding three (3) years.
4. Ownership and Control – Individuals, who do not exceed the Net Worth Limitation, must own at least fifty-one percent (51%) of the business, and control and manage the operations of the business on a daily basis.

Net Worth

Maximum of $750,000, defined as the sum of the fair market value of the interests owned by the individual in all assets (if an asset is owned jointly as husband and wife, then 50% of the fair market value for that asset will be counted if only one spouse participates in the firm being reviewed) minus the debt of the individual (if debt is attributable to an asset owned jointly as husband and wife then 50% of the debt will be counted if only one spouse participates in the firm being reviewed).

For purposes of establishing Net Worth, the following items will be excluded:

If the construction delivery method for a construction project is Construction Management (“CM”) or Construction Management at Risk (CMAR”) then the Net Worth Limitation shall be $1,500,000. The Net Worth Limitation may be reviewed from time to time as deemed appropriate by the Small Business Department and adjusted accordingly, with approval by the Executive Director.

1. The equity in the individual’s primary residence up to $500,000; and
2. The equity in the business which is applying for the LDB status.

The firm must be LDB certified by GOAA in order to compete for LDB direct procurement opportunities and/or be counted as an LDB for larger firms.

Certification is required for this program. Applicants are required to use GOAA’s on-line Small Business Directory. This certification system is currently used by a number of government agencies, airports and other public entities. Use of the system allows for efficient and faster processing of applications and records management.