SBTRC - Small Business Transportation Resource Center - Northeast Region

USDOT Bonding
Education Program

New York-New Jersey Transit, Highways and Aviation Infrastructure Projects


FALL 2022
FREE USDOT Bonding Education Program (BEP)

Oct 11-Nov 15th | 3-5p.m.

Rebuilding
America:

Opportunities for small businesses

Increase Your Bonding Capacity

Becoming bondable is a challenge for many disadvantaged businesses. The United States Department of Transportation (USDOT) Bonding Education Program (BEP) aims to help businesses grow by obtaining or building bonding capacity.

Surety bonds can help your business win contracts by providing your customers with the security that the contract will be completed. Each USDOT BEP includes workshops with industry professionals offering business development and one-on-one sessions with local surety bonding representatives to help small and disadvantaged business owners compile the necessary components to complete a bond application. This program is tailored to businesses competing for transportation-related contracts.

Apply Today!

New York-New Jersey Transit, Highways and Aviation Infrastructure Projects

We are accepting applications for the NY/NJ USDOT BEP. Due to limited seating, we strongly recommend you apply ASAP.
Deadline extended to October 5th. Late applications will not be considered.

Step 1: Application

The application is an initial assessment designed to help us understand you, your business, and bond capacity needs. You will be notified of your application status within 5-7 business days and whether you will advance to the interview round.

Bonding Education Program Criteria

To be considered for the program, applicants must be the primary owner(s), key manager(s) or administrator(s) of a business that meet the following criteria:

  • Existing in business for at least (2) consecutive years
  • Have a minimum of (2) full-time employees (including owner)
  • Pursuing transportation-related contracts
  • Revenue of at least $250,000 annually
  • Past performance in construction industry
  • Interested in satisfying credit, capacity, and character evaluations in consultation with a surety representative
  • Have one of the following certifications/designations:
    • Small Businesses
    • DBE
    • HubZone
    • SDB
    • Service Disabled Veteran Owned Business
    • Veteran Owned Small Business
    • Women Owned Small Business
    • 8(a)

Step 2: Virtual Interview

BEP selects applicants for a virtual interview and will choose the final cohort of participants within 7-10 days.

Consultants, developers, and engineering firms are not eligible for the program.

New York-New Jersey Transit, Highways and Aviation Infrastructure Projects

NY/NJ Bonding Education Program Schedule

Session Topic Date Time
1 Bonding and Insurance for New and Emerging Transportation-related companies 10/11/2022 3:00pm - 5:00pm
2 Construction Accounting. Financial Management and Access to Capital 10/18/2022 3:00pm - 5:00pm
3 Legal Issues, Claims and Dispute Resolution 10/25/2022 3:00pm - 5:00pm
4 Safety Planning in Construction and Marketing to Government 11/01/2022 3:00pm - 5:00pm
5 SBA: Surety Bond Guarantee Program and Procurement Contracting and Project Management 11/08/2022 3:00pm - 5:00pm
6 Bidding and Estimating and Contracting Proposal 11/15/2022 3:00pm - 5:00pm

New York and New Jersey
Infrastructure Project
Opportunities

Is your business positioned to compete and win?

If you want to grow your business, surety bonds are a necessary part of business and part of the prequalification process to bid on construction and transportation projects.

New York and New Jersey have a 30% Minority and Women Business Enterprise (MWBE) goal, and 20% for Disadvantaged Business Enterprise (DBE).

Participants from our last three programs secured more than $18,225,000 in Bond Capacity.

Make your business more competitive and attractive as a subcontractor, prime or joint venture partner, get guidance on the surety underwriting process, and learn how to grow your business with the backing of a surety's balance sheet.

Apply today!

The four projects that we will focus on for this BEP are:

Hudson River Tunnel Project

Hudson River Tunnel Project

$10 Billion

Hundreds of trains and hundreds of thousands of passengers per day pass through the tunnel during normal times, and delays can ripple up and down the East Coast between Boston and Washington. Once primary construction begins, the new tunnel could take as long as seven years to complete.

Learn More
MTA, Amtrak Advance Plan to Expand Transit

MTA, Amtrak Advance Plan to Expand Transit

$30 Billion

Both projects had progressed fitfully in recent years as the MTA and Amtrak couldn’t agree on dividing up the costs, particularly for the tunnels, which are owned by Amtrak but are used heavily by the MTA-operated Long Island Rail Road.

Learn More
JFK TERMINAL 6

JFK TERMINAL 6

$2.0 Billion

JFK Millennium Partners has selected AECOM Hunt as the Design-Build team to provide the planning, design and construction services for the program which includes the New Terminal 6, supporting roadways, utilities and aircraft apron. With more than $2 billion in estimated project cost, many contracting opportunities are available.

Learn More
Portal North Bridge Project

Portal North Bridge Project

$1.56 Billion

This project is part of the massive Gateway Program, which will eventually double rail capacity between Newark, NJ and New York. The $1.56B construction project was awarded to Skanska and Traylor Joint Venture.

Learn More

Pursue New Projects with Confidence

As a participant of the USDOT BEP, you will receive:

Surety Bond Resources

Get a prescriptive plan developed to meet the needs of your capacity and capital.

Non-Traditional
Lending Education

Learn how to obtain or increase your credit and get access to capital, technical, financial, and managerial assistance.

Specialized Training

Meet one-on-one with a surety bond professional to assemble and review your bond application.

Testimonials

"Since I attended the bonding training program, I started to supply temporary signs for VRH Construction as prime contractor. I also have two Hudson County contracts to provide paint, paint supplies and traffic signs. My firm has been selected by the NJ Innovation office for a Future of Work Accelerator program and we are getting ready to launch a 50 student pilot program in high schools. We match 18 year old students, including neurodiversity students, with employers for apprenticeship training while in school. Our initial concentrations are graphic design, e-commerce, digital marketing and medical billing/coding. Thanks!"

-Helena van der Merwe, A-Plus-Consulting LLC

"I am more prepared. The workshop has literally given me the groundwork that I need to consider beginning the bonding process. The individual professionals presented an overall view of how the various aspects of a business' performance affects its bonding capacity, detailed what I would need to move forward and provided insight into how best to align myself for success!"

-Connecticut BEP Participant 

"The entire team is extremely supportive and genuinely cares about our growth both professional and personal. I found every session to be judgment free, information-rich, and conducive to learning and collaboration. Thank you, guys!"

-Connecticut BEP Participant 


BEP's Mission

The Bonding Education Program's mission is to increase small businesses' economic competitiveness to maximize opportunities by becoming surety bonded and compete for transportation-related contracts through education and resources to understand risk management, safety, workforce development and company capabilities.

Northeast Small Business Transportation Resource Center - USDOT/OSDBU Grantee LaGuardia Community College

The Enterprise Center and The LaGuardia Community College Small Business and Entrepreneur Services Center are recipients of grant funds from the US Department of Transportation (DOT) Office of Small and Disadvantaged Business Utilization ( OSDBU) to host the Northeast and Mid-Atlantic Region Small Business Transportation Resource Center (SBTRC). The mission of the SBTRC is to provide technical assistance services to the small and disadvantaged communities to increase the number of small businesses that are prepared to compete for and enter into transportation-related contracts.

The Northeast SBTRC office serves:
Connecticut | Massachusetts | Maine | New Hampshire | New York | Rhode Island | Vermont


The Mid-Atlantic SBTRC office serves:
Delaware| Maryland | New Jersey | Pennsylvania

Hosted By:

CUNY and LaGuardia Community College
CUNY and LaGuardia Community College
The Enterprise Center
SFAA
Minority Development Business Agency Business Center

Our Partners and Collaborators

skanska
New Jersey Transit
Lane Construction
C&S Companies
Small Business Association
JFK
Port Authority
PTAC - Procurement Technical Assistance Center
Brass City Media
Loxmi
TruFund Financial Services