TOGETHER, WE BUILD. OFFICE OF ECONOMIC DEVELOPMENT Objective of the - - PowerPoint PPT Presentation

TOGETHER, WE BUILD.

Creating and expanding opportunities for small, disadvantaged, and minority- and women-owned businesses

DIVISION OF ECONOMIC MOBILITY

OFFICE OF ECONOMIC DEVELOPMENT

Objective of the M/WBE Program 2

• ESTABLISH A CRITICAL MASS OF HIGHLY QUALIFIED AND SUCCESSFUL MINORITY AND WOMEN

OWNED BUSINESSES (M/WBE)

• THE SUCCESS OF THE PROGRAM CAN BE MEASURED BY SUBSTANTIAL INCREASES IN THE:

1. Number of M/WBE firms that participate as prime contractors; 2. Bonding capacity of M/WBE firms; and 3. Aggregate revenues of M/WBE firms

• THIS WILL BE ACHIEVED THROUGH:
• An overarching culture in the Hancock administration that celebrates economic opportunity;
• Holding prime contractors accountable for reaching their M/WBE participation goals; and
• Bold initiatives designed to build the capacity of the M/WBE community

OFFICE OF ECONOMIC DEVELOPMENT

Key Data from 2015 DSBO Annual Report 3

• 1,245 unique certified firms
• 42% of survey respondents currently bonded
• 15% of respondents have bonding in $3M-20M range and 4% having bonding of > $20M
• $2.6 billion total 2013 revenue of certified firms
• Average revenue $2.4M (16% P/Y increase)
• 2013 total payments made by the city to certified firms represented 9% of total revenue
• 20% of project awards to M/WBE firms
• $86M was paid to M/WBE firms
• $130M earned by ACDBE concessionaires
• Certified firms earned $22M (6% of total payments) as prime contractors
• DSBO met all Aspirational Goals for 2015

OFFICE OF ECONOMIC DEVELOPMENT

Cadence of Opportunities 4

Great Hall National Western Center Bond Program Convention Center Expansion 2016-17 2018-19 2020-21 2022-23 2023-24 2024-25 2026-27 Denver Zoo Denver Center for Performing Arts Capital Improvements

5

OFFICE OF ECONOMIC DEVELOPMENT

Cadence of Opportunities - 2017

AGENCY

• PROF. SVCS.

CONSTRUCTION AMOUNT COMMENTS Airport $9.0M 1,179 $1,188

Concourse A const. 2018

Public Works 5.6 130 135.6

Capital Maintenance & Improvements

Parks & Rec 2.4 3.2 5.6 OED

• 20

20

Housing

Zoo 0.5

• 0.5

Engineering & Architecture

NWC 14.0

• 14.0

Program management

TOTAL $31.5M $1.334B $1.36B

OFFICE OF ECONOMIC DEVELOPMENT

City Efforts 6

 AGENCY MEETING: Mayor Hancock convened agency heads, together with key project management leads

around the topic of his commitment to M/WBE participation

 MENTOR PROTÉGÉ PROGRAM: Increase the size and scope of the Define Selection and Emerging

Business Enterprise Pool(s) in disciplines that align with the Protégé firms’ capacity goals

 QUARTERLY M/WBE MEETINGS: To discuss the Cadence of Opportunities  GENERAL CONTRACTOR SUMMIT: Mayor to convene a meeting with all major contracting firms  BEST PRACTICES TEMPLATE: DSBO to convene CDOT, DPS, RTD, DHA and Denver Water to discuss,

analyze and report on best practices for engaging the M/WBE community

 GOALS COMMITTEE: OED will conduct an organizational review of Goals Committee  PRE-QUALIFICATION PROCESS: Deliberate collaboration between DSBO and the letting-Agency to give

greater clarity to how M/WBE goals will be reached and how M/WBE capacity building will be enhanced

 TALENT PIPELINE: Look at both City and large contractor hiring & training practices for minority and

women professionals to begin building a pipeline of future contractors

OFFICE OF ECONOMIC DEVELOPMENT

Cadence Template 7

Agency Project Title Scopes of Work Timing (Q & Yr.) Estimated Project Amount