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Monday, April 14, 2008
Prince George's County Economic Development Corporation Partners with Associated Builders and Contractors Inc. to Launch Contractor's Development Prog
LARGO, MD.,- /PRNewswire/ - April 11, 2008 -- The Prince George's County Economic Development Corp's. Small Business Initiative Program (EDC, SBI) announces the launch of the Prince George's County Contractors Development Program. The program is being presented in collaboration with the Metro Washington Chapter of the Associated Builders & Contractors, The Surety Fidelity Association of America, Construction Finance and Management Association, The Peterson Companies, Konterra, Laurel Commons Mall, Westphalia, general contractors, and many other finance and bonding partners of SBI. The kick-off will be held on Tuesday, April 15th at EDC's office, located at 1100 Mercantile Lane, Suite 115A, 6:00 p.m. - 7:30 p.m.
This program goal is to create millions of dollars of revenue for the participating companies and partners, because all participants will enter into a mentor relationship with one of our sponsors as a requirement of their participation. The 10 week course will be taught by local developers, and will build the competencies of 12 minority construction companies. The coursework will include: construction accounting & financial management, estimating & bidding, project management, contract negotiations, business development, managing change, safety, bonding, and much, much more.
Companies that graduate from this program will have an advantage over their peers in acquiring local contracts, because they will have an opportunity to establish relationships with representatives from many of the major development projects underway in the county. The objective of this program is to build the competencies of local minority companies to enable them to be more competitive when bidding on local construction projects.
Even in its infancy, this program is being touted as a model program, because of the collaboration between a national builders association, local developers, and major financial management and bonding institutions. This program will not only generate capital for minority businesses, but it will also create legacy wealth for each and every company that participates.
The Small Business Initiative is a division within the Economic Development Corporation that provides direct assistance to rapid-growth small and minority owned businesses located in Prince George's County. Through its Alliance Partners and consulting staff, SBI develops success strategies for all clients. Companies receive access to capital, contract opportunities, entrepreneurial training and management consulting. To find out more about the SBI Program go to www.pgcedc.com
Source: Prince George's County Economic Development Corporation
CONTACT:
Pat Thornton, Director of Marketing of Prince George's County
Economic Development Corporation,
+1-301-583-4614,
mobile +1-240-533-5084
Web site:http://www.pgcedc.com/
This program goal is to create millions of dollars of revenue for the participating companies and partners, because all participants will enter into a mentor relationship with one of our sponsors as a requirement of their participation. The 10 week course will be taught by local developers, and will build the competencies of 12 minority construction companies. The coursework will include: construction accounting & financial management, estimating & bidding, project management, contract negotiations, business development, managing change, safety, bonding, and much, much more.
Companies that graduate from this program will have an advantage over their peers in acquiring local contracts, because they will have an opportunity to establish relationships with representatives from many of the major development projects underway in the county. The objective of this program is to build the competencies of local minority companies to enable them to be more competitive when bidding on local construction projects.
Even in its infancy, this program is being touted as a model program, because of the collaboration between a national builders association, local developers, and major financial management and bonding institutions. This program will not only generate capital for minority businesses, but it will also create legacy wealth for each and every company that participates.
The Small Business Initiative is a division within the Economic Development Corporation that provides direct assistance to rapid-growth small and minority owned businesses located in Prince George's County. Through its Alliance Partners and consulting staff, SBI develops success strategies for all clients. Companies receive access to capital, contract opportunities, entrepreneurial training and management consulting. To find out more about the SBI Program go to www.pgcedc.com
Source: Prince George's County Economic Development Corporation
CONTACT:
Pat Thornton, Director of Marketing of Prince George's County
Economic Development Corporation,
+1-301-583-4614,
mobile +1-240-533-5084
Web site:http://www.pgcedc.com/
