Building for Growth
Launched in May 2022, Building for Growth (BFG) is a new tuition-free executive education program that helps BIPOC- and woman-owned construction companies build capacity and develop sustainable growth strategies. The program aims to help businesses build their backlog, access capital, increase their bonding capacity, and position themselves to secure larger-scale contracts.
BFG’s inaugural cohort served 54 businesses in 19 states, 91% of which were BIPOC-owned and 53% of which were woman-owned. The majority of participating businesses were headquartered in states where construction is booming, highly competitive, and tightly regulated, including Washington, D.C., Georgia, Massachusetts, New York, and Maryland.
The program combines weekly classroom training, dedicated technical assistance, and 1:1 mentorship. The 21-week program covered seven key learning modules taught by industry experts and practitioners:
- Strategy and Development for Growth and Capabilities
- Finance Fundamentals
- Access to Capital
- Bonding, Safety, and Insurance
- Competing for Contracts
- Contract Negotiation and Construction Law
- Building Long-Term Capabilities
We are excited about the success of the businesses that have already taken part in the program and are excited for BFG to continue to grow and expand in 2023.