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Sen. James Sanders Jr. Hosts JFK MWBE Info Session to Discuss Procurement & Bonding
New York State Senator James Sanders Jr. (D-Queens), in the beginning of June, hosted an informational session on access to capital and bonding to prepare Minority and Women-Owned Business Enterprises for the more than $10 billion dollars in development slated for John F. Kennedy Airport.
The Senator brought together dozens of people of various MWBEs including those in construction, energy, and professional services for a breakfast meeting at Port Authority JFK headquarters. The Senator assembled an expert panel to discuss procurement (the action of obtaining contracts), and bonding (having a business license, proper insurance and making payments to a surety company for protection by a bond) in his mission to increase MWBE capacity certification and utilization.
“Our goal is to prepare existing MWBEs with the information needed to scale and secure contracts specifically with the JFK redevelopment,” said Senator Sanders. “This is an opportunity of a lifetime, and one must take advantage of an opportunity within its lifetime.”
When asked, which businesses held various certifications, all but two were without certifications, which demonstrated companies in the room were in a position to do business, experienced with government contracts and highly motivated to work with the airport.
