MTA Rebuilding Infrastructure & Resiliency – Opportunities for NY Contractors and MWDBEs
Capstone Business Funding, LLC attended the Fix & Fortify Sandy Recovery Work conference for DBEsand NYS Certified MWBEs held on March 28, 2014 at Club 101 in New York City. Over 300 participants related to the construction, transportation, financial, and municipal industries attended the conference as representatives from the MTA (Metropolitan Transportation Authority) in conjunction with the US DOT (US Department of Transportation) unveiled their contract opportunities for the LIRR, Metro North, and NYC subway systems. These MTA projects mean big opportunities as small businesses in New York have been invited to submit bids on the projects.
From rebuilding entire subway stations to replacing vital components in the majority of the 656 miles of track and tunnels affected by flooding, to implementing preventative initiatives for maintaining resiliency, the “Fix & Fortify” program has created an unprecedented amount of projects for small businesses and MWDBEs (Minority Woman and Disadvantaged Owned Business Enterprises.)
The Fix & Fortify conference follows right on the heels of Governor Cuomo’s unveiling of a $4.9 Billion Coordinated Transportation Resiliency Program on March 27, 2014. The US DOT has pledged approximately $3.8 billion in funding allocated for Sandy recovery and resiliency projects. The resonating message throughout was “Fix & Fortify”; rebuild stronger and smarter to prevent future destruction.
A speaker at the conference, Alphonso David, Deputy Secretary for Civil Rights of the New York State Governor’s Office spoke of the importance of identifying barriers for small businesses and MWDBE contractors to overcome. Over the years and through many clients, Capstone has been able to identify unique barriers that small businesses and MWDBEs face, the main one being lack of access to sufficient capital to expand their businesses.
Capstone has been able to structure a business funding platform specifically to support the working capital needs of these types of businesses and we have pledged our support for businesses who successfully bid on these transportation projects. Now is the time to secure your working capital with Capstone. Take advantage of this unprecedented opportunity with the MTA and bid with confidence!