Denver Mayor Michael Hancock signed a legislation to improve opportunities for minority and women-owned businesses, specifically contractors. The bill goes into effect on April 1, 2014 which essentially raises the goals for percentage of contracts going to minority and women-owned business. From mentor-protégé programs, payroll managing assistance, outreach events, and mandating that general contractors reach out to minority and women-owned business for subcontracting opportunities.
Learning about the Denver program is only the first step. Every contractor, including minority and women-owned business, needs to be set up for bid, performance, and payment bonds. At Surety 1 we have many programs available to assist small business. Some of the programs available include:
Depending on the situation, bonding can take some time to get established. Don’t wait, call us today for a consultation at 877-654-2327.