The Metro Development and Housing Agency has established a surety support and technical assistance program to help small, women-owned and minority-owned businesses submit thorough bids for convention center construction contracts.
The surety support and technical assistance program will be headed by Alexander and Associates — one of the largest African-American insurance agencies in the state.
The $635 million Music City Center project has not had its financing details released yet, but Metro Council is considering a resolution to approve land acquisition for property in the SoBro area.
MDHA began the assistance program because many small, women-owned and minority-owned businesses have not submitted successful bids on major construction projects in the Nashville area. MDHA launched the program to educate businesses on issues that affect their ability to acquire bonding, such as working capital, inadequately prepared financial statements, lack of understanding of the bond process and difficulty in completing the bond application.
Alexander and Associates will offer back office support for a variety of areas in relation to completing the application process.
Small, women-owned and minority-owned businesses interested in the program should contact Roxianne Bethue at 252-8532.