The North Carolina Institute of Minority Economic Development (NCIMED) is the new home of the U.S. Department of Transportation (USDOT) Office of Small and Disadvantaged Business Utilization (OSDBU) South Atlantic Region Small Business Transportation Resource Center (SBTRC).
As the South Atlantic Region SBTRC, NCIMED will offer business counseling and technical assistance to increase the ability of small businesses to compete for and enter into transportation-related contracts at the local, state and federal levels throughout the states of Kentucky, North Carolina, Virginia and West Virginia. The types of businesses the South Atlantic SBTRC assists include certified small, women-owned, veteran-owned, service disabled veteran-owned and historically underutilized HubZone businesses. It will also work with prime contractors, state agencies and local governments to identify contracting opportunities and promote greater participation by diverse companies.
“Transportation is about jobs and economic growth,” said South Atlantic SBTRC Project Director Victor Galloway. “When we combine the transformational power of transportation with the economic benefits of strong small businesses, we get a win-win situation. We are committed to helping all small businesses in our region get the chance to do the important work of building a stronger America.”
The South Atlantic Region SBTRC is part of a nationwide network of 11 USDOT SBTRCs focused on ensuring that small and disadvantaged businesses get their fair share of transportation contracts and are prepared to compete in the bid process. These centers work to educate small businesses on construction financial assistance, including executing the USDOT Bonding Education Program (BEP). They also work to attract more women and girls to the transportation industry through outreach to colleges and universities through the USDOT Women In Transportation Initiative (WITI)
NCIMED, headquartered in Durham, N.C., is a nonprofit management consulting and services firm focused on business diversity. It helps small businesses develop and grow, large corporations diversify their supply chains, and local and state governments expand their business base. NCIMED experts are leading advisors and advocates for public policies and business practices that promote marketplace diversity as a path to greater prosperity. NCIMED’s work is funded entirely by grants and business diversity contracts with public and private organizations. For more information, visit www.ncimed.org.