On February 18, 2009, President Obama signed the American Recovery and Reinvestment Act into law, a statute more commonly referred to as the "Stimulus Bill." The total value of the Stimulus Bill is approximately $787 billion and it promises great potential for vastly increased public works projects.
A direct beneficiary of the stimulus package is the country's infrastructure, which will provide opportunities for construction contractors who are qualified to work on public projects. Nearly 40%, or $311 billion, of the total monies in the Stimulus Bill is specifically allocated to federal projects, with an estimated $131 billion going toward construction-related projects. A breakdown of the funding allocation is as follows:
• Transportation-$49.3 billion
• DefenseNeterans-$7.78 billion
• Housing/HUD-$9.6 billion
• Education and Schools- $53.6 billion
• Energy-$30.62 billion
• Buildings-$13.37 billion
• Water and Environment-$20.l billion
With the increase in public works and the stagnation of the private sector, more and more companies will attempt to take part in public works projects. If you own or operate such a company, you may be able to provide it with a competitive edge through certification as a disadvantaged-business. Is your company owned, operated, and managed by a woman, a member of a minority, a disabled individual, or a veteran? If this is true for your company, it may qualify as a disadvantaged business on the Federal, state, and/or local level. Certification may enable your company to obtain additional contracting opportunities, take advantage of certain types of contracts, or qualify for financial assistance. If you have applied for certification and have been denied, there are important and long lasting implications.
In today's harsh economic climate, it is essential to know the basics of both obtaining and maintaining certification. On May 20, 2009 Edward DeLisle, Lane Kelman, and Nella Bloom will talk to you about the essentials on achieving certification, avoiding the pitfalls associated with maintaining one’s status and otherwise gaining a competitive advantage for your company. This seminar will provide you with the basic requirements to successfully apply and participate in disadvantaged-business programs, help you decide which types of certification are right for your business, and show you what agencies look for in a successful application.
Date: May 20, 2009
Time: 8:00am-8:30am – Registration and Continental Breakfast. 8:30am-10:00am – Seminar
Cost: Free for Cohen Seglias clients
RSVP to: Rachel McNally at RMcnally@cohenseligas.com or 215-564-1700