The Department of Transportation has partnered with the Small Business Administration and the Minority Business Development Agency to help small businesses and disadvantaged businesses in the transportation industry continue work on government infrastructure programs.
Through these partnerships, USDOT aims to provide small and minority-owned businesses with better access to resources and capital and to connect them with larger companies and agency transportation representatives. state, federal and municipal.
USDOT has signed two memorandums of understanding with the SBA to increase capacity to link small transportation companies and facilitate access to private capital from the Office of Investment and Innovation.
MBDA will work with the department to expand the presence of underrepresented minority business enterprises in national transportation supply chains through data sharing and reporting under a separate memorandum of understanding.
“These new initiatives with our partners at SBA and MBDA will help more small business owners secure federal contracts to modernize our nation’s infrastructure for decades to come,” the Transportation Secretary said. Pete Buttigieg.