Investor Presentaiton slide image

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 ventures
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