LA Metro’s New Program for Small, Disadvantaged, and Veteran-Owned Firms

The Los Angeles County Metropolitan Transportation Authority has implemented a one-year pilot program that will help small, disadvantaged, and veteran-owned firms secure sufficient bonding to work on Metro construction projects. This comes after small businesses voiced their concerns about obtaining bonding for small contractors, which many saw as a barrier to participate in construction contracts. For more information on this …

FTA DBE Reports and Shortfall Analysis

With triennial and state reviews coming up in 2018, it is important to review the two most common findings that people miss when conducting their reviews: uniform reports and shortfall analysis!  Check out the links down below for important information and guidance regarding these two areas. To find out more information on uniform reports, click here. To find out more …

Port of Long Beach and Long Beach Transit Interested in Diversity Programs and Goals

The Port of Long Beach and Long Beach Transit recently hosted a Prime Time Business Networking event, that gave small businesses insight to certification and internal bidding processes.  Both agencies are interested in meeting targeted diversity goals, looking to offer around 10% of contract and procurement business to Disadvantaged Business Enterprises. To find out more information, click here.

The Partners Program – DBE/WBE/SBE Firms

Delivering complex airport programs requires diversity, innovative thinking, and close collaboration among large and small firms. HNTB has created the Partners Program, a national effort to assist in the development of DBE/WBE/SBE firms. This 12-month program helps DBEs and Small Businesses to better understand the certification and pre-qualification processes, enhance technical expertise, and more. To read more information on this …

USDOT Bonding Education Program

What is a Surety Bond? A surety bond is legally binding contract between a Principal, Obligee, and a Guarantor. In the transportation construction industry the Principal could be a Prime Contractor or a Subcontractor, the Obligee is the Project Owner, and the Guarantor is the Surety Company. This legally binding contract between the three parties protects the Obligee from loss …

USDOT Small Business Certification Programs

If your small business is not certified, then you should consider the benefits of having your business become certified. Having your small business certified is similar to a person having a collegiate degree or personal certification such as a Certified Public Accountant. Certifications signify to federal, state, and local government organizations, prime contractors, subcontractors, and other types of contracting organizations …

Goldman Sachs 10,000 Small Businesses Program

The Goldman Sachs 10,000 Small Businesses Program is a scholarship-based program (paid for by Goldman Sachs) for qualified small business owners who are interested in growing their business and adding jobs. It offers you valuable skills, the opportunity to access financial capital, powerful networking opportunities, and much more. It is a practical 11-session business entrepreneurship program that examines business fundamentals …