Published:
Small Business Initiative Celebrates First Graduating Class of the Contractors Development Program
LARGO, Md., July 18 /PRNewswire/ -- Yesterday, on July 17, the Prince
George's County Economic Development Corp.'s Small Business Initiative Program
(EDC, SBI) celebrated the first graduating class of the Prince George's County
Contractors Development Program, at the Camelot by Martins inUpper Marlboro,
Maryland. The program was presented in collaboration with the Metro Washington
Chapter of the Associated Builders & Contractors, The Surety Fidelity
Association of America, Construction Finance and Management Association, The
Peterson Companies, Konterra, Westphalia, Laurel Commons Mall, general
contractors, and many other finance and bonding partners of SBI.
This graduation ceremony is the culmination of the County's first 12 week
certificate program aimed at increasing the capacity of its local companies.
"I consider these companies to bePrince George's County's A Team," said
Charlotte Ducksworth, Director of the Prince George's County Small Business
Initiative. "These companies have net values of $200,000 - $8 million. While
they've learned a lot during this program, they came to the program as
accomplished businesses." Companies in this program will leave with
construction accountants, attorneys, bond agents, sales coaches and developer
relationships that they did not have before. One of the unique elements of the
program is to provide ongoing support through the mentor protégé component.
During the program, the two-year Mentor Protege agreements for the
participating companies were signed. Some of the companies that have agreed to
be mentors are: Tompkins Builders, Foulger-Pratt, Coakely & Williams, Bozzuto
Construction, Oncore Construction, Clark Construction, Forrester Construction
and Total Engineering.
Even in its infancy, this program is being touted as a model program,
because of the collaboration between a national builders association, local
developers, and major financial management and bonding institutions. This
program will not only generate capital for local and minority businesses, but
it will also create legacy wealth for each and every company that
participates.
The Small Business Initiative administered this program. It is a division
within the Economic Development Corporation that provides direct assistance to
rapid-growth small and minority owned businesses located inPrince George's
County. Through its Alliance Partners and consulting staff, SBI develops
success strategies for all clients. To find out more about the SBI Program go
to www.pgcedc.com
SOURCE Prince George's County Economic Development Corporation
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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