Through USDOT'S partnership with the Surety and Fidelity Association of America, the capacity of small business by increasing their competitiveness for contracting opportunities. They will work one-on-one with a bond producer as part of the program, receive training on how to manage and grow their business, become bondable, and have the ability to identify and bid on projects.
The USDOT Lending Program assist eligible small businesses working on transportation-related contracts to find financing opportunities. The SBTRCs package the financial application and connect small businesses with a lender who can assist with their financial need. For more information on the USDOT Lending Program please visit www.dot.gov/osdbu or contact us at (404) 681-0044.
On March 11, 2009, President Obama signed an Executive Order creating the White House Council on Women and Girls to ensure that each the federal government addresses the needs of women and girls. As part of this broader effort, the USDOT launched the Women in Transportation Initiative (WITI) in July 2010 to increase the participation of women in the nation's transportation industry. WITI seeks to address challenges within the contracting industry that women face as business owners and the barriers young women face entering careers within the industry. Through WITI, SBTRCs educate women on the opportunities available to them, attract future leaders and retain female participants in the transportation industry within their region.
This program enhances the capability of DBE owners to compete for federal procurement opportunities by building private-sector relationships between prime and subcontractors. It also gives small businesses the ability to expand their experience and cultivate relationships.
The Greater Atlanta Economic Alliance (the Alliance) was formed in 2000 as a comprehensive outreach and educational tool to increase the business capacity of small, female and minority-owned firms, and to disseminate information about the Transportation Construction and related industries multi-billion-dollar capital improvement projects.
The Alliance has since become the premier communication, outreach, technical assistance and training program geared towards Atlanta’s construction community. These four mechanisms have been instrumental in preparing small, female and minority-owned businesses for bidding and working on large-scale projects in the construction and transportation industries. The organization has impacted more than 200,000 individuals and over 500 small, female and minority-owned construction businesses. Its training and technical assistance programs have boosted the city’s construction labor pool, aided in firms receiving substantial contracting awards and enhanced business development strategies.
This video provides an overview to the DOT’s Disadvantaged Business Enterprise Program.