Transportation contracting is a $50 billion per year industry in the United States. Federal, state, and local governments—as well as airports and public transit systems—award contracts on an ongoing basis to expand and maintain the nation's transportation infrastructure. This investment is only expected to increase in the future given that the current level of transportation funding is insufficient to maintain and improve America's rapidly aging infrastructure.
The Institute is helping diverse firms seeking opportunities in the transportation industry by serving as the host location for the South Atlantic Small Business Transportation Resource Center (SBTRC). The SBTRC is a nationwide network of assistance centers established by the U.S. Department of Transportation to help diverse businesses access opportunities in this large and growing industry. The center provides direct assistance and guidance to firms seeking opportunities in Kentucky, North Carolina, South Carolina, and West Virginia.
“It is rewarding to watch a company grow from a small endeavor into a successful business. I appreciate hearing from a DBE who is excited to have been awarded a contract, received a bond, or been approved for a line of credit. Knowing that I assisted in that process in some way provides me with a sense of accomplishment.”
- SBTRC Program Director Kaye Gantt
There are a wide variety of transportation opportunities available for diverse business participation including highway design and construction, airport construction, public transit design and construction, and airport concessions. The goal of the center is to increase the number and growth of diverse firms successfully completing contracts on USDOT-funded projects. Services of the center include Disadvantaged Business Enterprise (DBE) certification assistance, business planning, financing assistance, surety bonding readiness, and identifying bidding opportunities.
SBTRC recently completed a Bonding Education Program (BEP) in partnership with the Surety Fidelity Association of America and Lane Construction in Charlotte, North Carolina. Lane Construction is the prime contractor on the I-485 Outer Loop Project and helped sponsor the Bonding Education Program as a part of their good faith effort on the project. Over the course of the 8-week program, the BEP provided participants one-on-one technical assistance from representatives for surety companies as well as classroom training to help them secure bonding or increase their bonding capacity.
The SBTRC is open on weekdays between 8:30 a.m. and 5 p.m. and is located in The Institute's office building located in downtown Durham at 114 West Parrish Street on the 5th floor. Interested firms may call (919) 956-8889 for more information.