WASHINGTON – U.S. Commerce Deputy Secretary Dennis Hightower, the Minority Business Development Agency (MBDA), the International Trade Administration (ITA), the Tutor Perini Corporation, and the University of Southern California’s School of Policy, Planning and Development today announced the nation’s first program created to globalize the U.S. minority-owned construction industry by providing education, mentoring and procurement opportunities to minority-owned firms. Firms that complete the program will have the opportunity to compete for a minimum of $1 billion in Tutor Perini contracts, primarily international contracts, over a four year period.
“This program could not be more relevant in today’s economy, where global competition is tougher than ever before,” said Hightower. “President Obama has set a goal of doubling exports over the next five years though his National Export Initiative and we need every stakeholder in America actively engaged in re-building our economy to create new jobs.”
An unprecedented public-private program, spearheaded by the MBDA, the Global Construction Program will prepare 150 high capacity, minority-owned and operated general contractors, subcontractors and suppliers to compete for construction opportunities worldwide. Participating firms will receive training, education and mentoring, as well as a new, broader source of contracting opportunities. Tutor Perini Corporation is one of the nation’s largest global construction conglomerates and a leader in supplier diversity within the construction industry.
