Transcript Small Bus Transportation Resource Ctr Overview July 2016

U.S. Department of Transportation (DOT)
Office of Small and Disadvantaged Business
Utilization (OSDBU)
Small Business Transportation Centers (SBTRCs)
Northern Plains Region
Native American Development Corporation (NADC)
applied for and was awarded a grant from the U.S.
Department of Transportation in January 2015.
NADC is one of thirteen Small Business Transportation
Resource Centers (SBTRC) in the Nation
NADC became the Northern Plains Region SBTRC serving the
states of Iowa, Minnesota, Montana and North Dakota
SBTRC Regions
What is Transportation?
DOT Overview
Established in 1966, the
mission of the U.S.
Department of Transportation
is to:
“Serve the United States by
ensuring a fast, safe, efficient,
accessible and convenient
transportation system that
meets our vital national
interests and enhances the
quality of life of the American
people, today and into the
future.”
DOT Administrations
• Office of the Secretary (OST)
• Federal Aviation Administration
(FAA)
• Federal Highway Administration
(FHWA)
• Federal Motor Carrier Safety
Administration (FMCSA)
• Federal Railroad Administration
(FRA)
• Federal Transit Administration
(FTA)
• Maritime Administration
(MARAD)
• National Highway Traffic Safety
Administration (NHTSA)
• Office of Inspector General (OIG)
• Pipeline and Hazardous Materials
Safety Administration (PHMSA)
• Research and Innovative
Technology Administration (RITA)
• Saint Lawrence Seaway
Development Corporation
(SLSDC)
• Surface Transportation Board
(STB)
Office of Small Disadvantaged
Business Utilization (OSDBU)
OSDBU's Mission:
• Ensure that small business policies and goals of the
Secretary of Transportation are implemented in a fair,
efficient, and effective manner through the SBTRCs.
• Implement DOT's activities on behalf of small
businesses, in accordance with Sections 8, 15, and 31
of the Small Business Act, as amended.
• Provide opportunities, technical assistance, and
financial services to the small business community.
Office of Small Disadvantaged
Business Utilization (OSDBU)
OSDBU's/SBTRCs’ customers (Indian and Non-Indian):
•
•
•
•
•
Small Businesses (SB) working in transportation industry
Small Disadvantaged Businesses (SDB)
8(a) firms
Woman-Owned Businesses (WOB)
Historically Underutilized Business Zone (HUBZone)
Businesses
• Veteran-Owned Small Businesses (VOSB)
• Service-Disabled Veteran-Owned Small Businesses (SDVOSB)
• Disadvantaged Business Enterprises (DBE)
Business Development Resources
• Type of Services Provided By SBTRCs
•
•
•
•
•
•
•
Business Analyses
Market Research
Management & Technical Assistance
Business Counseling
Planning Committees
Outreach & Conference Participation
Loan & Bond Assistance
• Women & Girls Initiative & Internship Program
Short-Term Lending Program
(STLP)
•
•
•
•
•
Loan guarantee provided for DOT transportation contract (s)
Collateral are the proceeds of the DOT contract
Can be renewed (Max. time on program is 5 years)
The maximum loan amount is $750,000.00
Funds are borrowed against each invoice of the DOT
contract(s)
• Repayment occurs as the project owner or prime contractor
pay the invoice
• Interest rate is based on the prime rate
Bonding Education Program
Client Eligibility
•
•
•
•
•
Been in business at least 2 consecutive years
Revenue of at least $250,000 annually
Have a minimum of 2 employees (including owner)
Past performance in transportation industry
Currently pursuing federal transportation contracts
Bonding Education Program
Program Components
• Preliminary stakeholders meeting (state DOT, Surety,
Primes, etc)
• Education workshops or 2 ½ day seminar
• Bond readiness – one on one meeting with surety
agent
• Follow up assistance – continued help to secure
bonding
Women In Transportation Initiative
(WITI) Overview
• The Goals of the WITI Program are to:
– Identify, educate, attract, and retain women and girls in
the transportation industry.
• The WITI Program includes:
Contact Information
– Outreach
– Partnerships
– Business Development Training
– WITI Advisory Committee
– Interns
Contacting the NP- SBTRC
Native American Development Corporation
Northern Plains Small
Business Transportation Resource Center
2929 3rd Ave. North; Billings, MT 59101
Gordon Jackson, Project Director
Darrell LaMere, Project Coordinator
406-294-8061/8060
http://www.nadc-nabn.org/about-sbtrc/