Program
to provide minority-owned firms with education, mentoring and ability to compete
for $1 billion in global construction procurement opportunities
U.S. Commerce Deputy Secretary Dennis Hightower, Commerce's Minority Business
Development Agency (MBDA), the International Trade Administration (ITA), the
Tutor Perini Corporation, and the University of Southern California’s School of
Policy, Planning and Development today announced the nation’s first program
created to globalize the U.S. minority-owned construction industry by providing
education, mentoring and procurement opportunities to minority-owned firms.
Firms that complete the program will have the opportunity to compete for a
minimum of $1 billion in Tutor Perini contracts, primarily international
contracts, over a four-year period.
“This program could not be more relevant in today’s
economy, where global competition is tougher than ever before,” said Hightower.
“President Obama has set a goal of doubling exports over the next five years
though his National Export Initiative and we need every stakeholder in
America actively engaged in
re-building our economy to create new jobs.”
An unprecedented public-private program spearheaded by
MBDA, the Global Construction Program will prepare 150 high capacity,
minority-owned and operated general contractors, subcontractors and suppliers to
compete for construction opportunities worldwide. Participating firms will receive training, education and
mentoring, as well as a new, broader source of contracting opportunities. Tutor
Perini Corporation is one of the nation’s largest global construction
conglomerates and a leader in supplier diversity within the construction
industry.
Pictured are Ralph Moore, President and CEO, Ralph G. Moore &
Associates, Jennifer Grodsky, Executive Director, Federal Relations, University of Southern
California, Richard Rizzo, Executive Vice President, Tutor Perini
Corporation, Deputy Secretary Dennis
Hightower, and MBDA National Director David
Hinson. Read more