Investor Presentaiton
Development Agreement Terms
Minority Participation Plan
PORTSMOUTHVA
economic development
• Goal of 30% of Casino and Hotel costs of construction paid to either minority-owned or
SWAM/DBE certified contractors
Procedural requirements to attempt to meet minimum goal:
•
To be awarded project, General Contractor (GC) must:
present strategy for achieving goal
demonstrate historical MBE/WBE utilization
• RSG and GC to hold informational forums working with diverse community-based
business associations
• GC to leverage professional affiliations for outreach
• GC to emphasize contracting goal at pre-bid meeting of potential subcontractors and
suppliers
•
Minority/SWAM/DBE participation to be a factor in GC award of bids
• When insufficient capacity exists, RSG and GC to consider encouraging large subs to
enter joint venturesView entire presentation