PORTLAND, OREGON (June 10, 2016) – The City of Portland’s Procurement Services Division and Interise jointly hosted the 2016 Graduation Dinner for the City of Portland Prime Contractor Development Program (PCDP) in Portland, Oregon on Thursday. The program focuses on providing small business owners with the right skills, educational support and hands-on experience to succeed as prime contractors. The goal of this year’s program was to help participating Minority and Women certified contractors (MWBEs) develop a three-year business plan and provide them with increased prime contracting with the City of Portland.
Keynote Speaker Fernando Martinez elaborated on the importance of the program and its impact on local small businesses. Speaking directly to small business owners, he said, “I understand your collective annual revenues approximate $10M. You employ 30 - 40 employees. By adding supply chain spend and induced spend, your $10M generates approximately $17.3 million in economic impact and supports about 130 jobs. So the answer to the question ‘what does helping 1 business at a time mean?’ The answer is - we impact our local economies in a very positive and meaningful manner. “
Martinez is the President and CEO of the Northwest Mountain Minority Supplier Development Council (MSDC), an affiliate of the National MSDC who has been serving the Pacific Northwest for 38 years. The Northwest Mountain MSDC certifies and develops minority-owned businesses across the states of Alaska, Idaho, Montana, Oregon, Utah, Washington and Wyoming, and connects them with corporations and public agencies for meaningful business engagement. For more information, visit www.NWMTNmsdc.org.
Since 2004, Interise has taken an innovative approach to economic development in lower-income communities by helping existing small business owners plan, achieve, and manage the long-term growth of their business. More than 1,800 entrepreneurs across the country have completed the StreetWise ‘MBA’™ curriculum with extraordinary results. In 2011, 1,015 net new jobs were created by business owners who completed the program and 64 percent of business owners who participated enjoyed revenue growth. More information can be found at www.interise.org.
The City of Portland Procurement Services Division provides leadership, policy development, oversight and management of the City of Portland's procurement and contracting processes and supports the City’s Social Equity Contracting Strategy. Find out more about PCDP Services at http://www.portlandoregon.gov/brfs/59370.
To view Fernando Martinez’es Keynote Address, visit www.NWMTNmsdc.org/pcdp.