The MICUA Board of Trustees has adopted an action plan to build on existing efforts by Maryland’s independent colleges and universities to increase minority business enterprise (MBE) and local business enterprise (LBE) participation in capital construction contracts. The goal of the MBE/LBE Enhancement Initiative is to develop best practices in MBE and LBE contracting, provide training opportunities on outreach and inclusion, and increase the value of construction contracts awarded by MICUA member institutions to MBE and LBE firms. The MBE/LBE Enhancement Initiative is a top priority of the MICUA Board and is consistent with the mission of Maryland’s independent colleges and universities to contribute to the future economic strength of our nation, state, and local communities.
The Board believes that expanding opportunities for MBE and LBE contractors will contribute to the region’s economic activities by generating local jobs, supporting local spending, and increasing public tax revenues. Furthermore, the emergence of new firms with greater expertise in construction contracting will improve the competitiveness of Maryland’s construction industry.
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