CONTRACTOR TRAINING PROGRAM EXPANDS TO SERVE MORE CONSTRUCTION INDUSTRY ENTREPRENEURS

Subject: CONTRACTOR TRAINING PROGRAM EXPANDS TO SERVE MORE CONSTRUCTION INDUSTRY ENTREPRENEURS
Date: 8/31/2005 5:22:49 PM Eastern Daylight Time
From: MyNYC@nyc.gov
To: reysmontj@aol.com
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"HPD Press Releases"


CONTRACTOR TRAINING PROGRAM EXPANDS TO SERVE MORE CONSTRUCTION INDUSTRY ENTREPRENEURS

HPD & CUNY Partner to Teach Key Business Skills

The Contractors Training Program, an innovative partnership between the Department of Housing Preservation & Development (HPD) and City University of New York (CUNY) colleges, is expanding its capacity to serve New Yorkers at campuses in three boroughs. With the addition of City College to the program, more contractors will be able to take advantage of the training offered. The program, now in its nineteenth year, is dedicated to helping local self-employed workers in the construction industry learn the business skills necessary to run a successful company. Many of the participants have recently started a small construction firm or are thinking of starting a firm.

The Contractors Training Program educates participants on topics such as blueprint reading, estimating, accounting, and contract law. Training is also provided to promote compliance with the City's Lead Paint Hazard Reduction Law. Information on public contract and local business assistance opportunities is also a part of the program. It runs for 10 weeks and participants meet one evening per week.

Information and enrollment forms for the fall semester are available at the participating CUNY colleges: Hostos Community College in the Bronx, Medgar Evers College in Brooklyn, and City College in Manhattan.

Information and an application for future notifications are available online at http://nyc.gov/html/hpd/html/for-vendors/contractor-assistance-program.html.

Shaun Donovan, HPD Commissioner said, "HPD is delighted to work with CUNY to develop the skills small businesses need to be competitive in the construction industry. The Contractors Training Program is a cornerstone of HPD's strategy to increase contracting opportunities for small, minority and women owned businesses in the agency's procurement process."

The Contractor Training Program enhances the skills of local business owners, who, in turn, create local job and business opportunities. A 1999 survey found that more than 85% of firms owned by program graduates were minority and/or women owned; 87% of the firms were based in New York City.

The survey found that 81 firms owned by program graduates had obtained almost 400 contracts totaling over $36 million and 431 subcontracts with an aggregate award amount of over $78 million. The report offered powerful proof of the success of the Contractor Training Program as an economic development vehicle.
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