The New York City Department of Small Business Services (SBS) says it offers an eight-month program to provide minority and women business enterprise (M/WBE) certified contractors enhanced access to opportunities.
The SBS website says the program, which begins in October, will provide instruction on how to:
- Better manage NYC M/WBE-certified construction firm and construction projects;
- navigate and connect to city contract opportunities; and
- expand your professional network.
Program benefits include:
- A business needs assessment;
- one-on-one mentoring from an experienced M/WBE construction management firm
- specialized education and training from industry experts;
- bidding assistance on city contract opportunities; and
- customized three-year growth plan to help the business succeed.
The program is open to owners of NYC certified (or eligible to be certified) M/WBE construction or trade firms, architects, engineers or other construction-related businesses.
The qualifying business needs to have been in operation for at least two years, and have at least two employees (one of whom can be the employer).
The city also offers a bond readiness program, with “education, training, and one-on-one financial management assistance from bonding experts to help obtain surety bonds and increase surety bond capacity in the city and other construction projects.”
Some program benefits include:
- Bonded firms can pursue larger contracts;
- participants can learn how to establish business credibility; and
- connect to and access guidance from a network of surety companies.