🚩HUBS, SBE & DBE CONTRACTORS - HEADS UP!
Equity In Infrastructure Project (EIP)
August 16, 2024
EIP is a national initiative dedicated to building generational wealth and reducing the racial wealth gap by improving public infrastructure contracting practices to create more prime, joint venture and equity contracting opportunities for Historically Underutilized Businesses (HUBs), which includes many Small and Disadvantaged Business Enterprises.
CTA was one of the first five signatories to sign the EIP Pledge—a multimodal group of public transportation agencies known as the “First Movers”—and CTA President Dorval R. Carter, Jr. serves as an EIP co-chair.
The pledge states that signatory agencies and organizations will “work to increase the number, size and percentage of HUBs growing to prime contractors, participating in joint ventures or as equity participants.”
Representatives and officials from public and private sector agencies and organizations will sign the pledge on Friday, including the Regional Transportation Authority, Metra, the Illinois Tollway, Turner Construction Company, Loop Capital Management, Parsons Corporation and WSP.
📌RECAP OF -- In Chicago House of Hope:
August 16, 2024 -- Nine distinguished public and private sector leaders just signed the EIP Pledge!
https://lnkd.in/gRCf8M3F
PSEG Regional Public Affairs Manager North Essex NJ
1moWhat an achievement!