With over $5 billion in investments to public infrastructure slated to come to SW Detroit, through the Michigan Department of Transportation (MDOT), the SDBA is committed to ensuring our host community contractors have the capacity to competitively compete and secure contractors.
Through our work on transportation policy, the SDBA identified that access to bonding and financing for sufficient cash flow presents a significant challenge to many small businesses. SDBA, MDOT, and the U.S. Department of Transportation (DOT) are bringing the Bonding Education Program (BEP) to Michigan.
The BEP is designed to help small businesses. This means planning of initiatives and partnerships, outreach opportunities, best business practices, community plans, as well as community based youth awarness. The Partnership for Diversity and Opportunity in Transportation holds monthly meetings where representatives from local and statewide recap current programs, initiatives, and results. Given its location at the international border crossing and port of entry, Southwest Detroit is the site of major transportation infrastructure investment. The largest by far is the multi-billion dollar International Bridge.
Large infrastructure improvements generate regional economic health. However, host communities, particularly those with a concentration of low-income residents often bear the negative consequences of such projects, such as relocation, increased traffic, noise, air pollution, and a loss of neighborhood identity.
The SDBA is partnering with WDBA, community organizations, businesses, and residents to maximize jobs and environmental improvements as well as other community benefits when infrastructure investments occurs.
For more information, contact Alma Cruz at 313-842-0986 x 22