NYCEDC To Award Nearly $80 Million in Projects To M/WBE Construction Management Firms
Armand Corporation participated in EDC’s recent announcement of nearly $80 million in projects already in the pipeline to be awarded to minority or women-owned construction management firms.
“EDC’s advocacy and support is essential not only to the success of the M/WBE construction firms and contractors that are prequalified through ConstructNYC, but it’s also essential to expanding capacity and strengthening a highly capable workforce in order to keep pace with New York City’s growing infrastructure demands,” said Barbara Armand, Founder and CEO of Armand Corporation. “We applaud NYCEDC for their leadership on this important initiative.”
In addition, the New York City Economic Development Corporation is rolling out the first cohort of prequalified M/WBE ConstructNYC contractors who will have exclusive access to bid on certain NYCEDC projects. Once prequalified, M/WBE contractors have exclusive access to bid on certain NYCEDC projects up to $1 million, access to mobilization capital to prevent cash-flow gaps, and to receive fast-tracked payments.
Armand founder and CEO Barbara Armand was recognized by the Business Outreach Center Network, receiving the BOC Award for Business Advancement. Since entering the New York City market in 2010, Armand Corporation has grown exponentially, continuing to add major agencies to its portfolio, including multiple Super Storm Sandy recovery and resiliency projects and its work with NYCEDC.
Alejandra Castillo, at the time National Director of the Minority Business Development Agency for the US Department of Commerce, presented the award.
Armand’s Strong MWBE Reputation Garners Award
Armand President & CEO Barbara Armand was recently honored for her mentoring and support of Minority & Women Owned Businesses at the Executive Awards Luncheon in conjunction with the 2016 Long Island Community & Economic Development Conference.
Importance of Mentoring Highlighted at Panel Discussion
Armand’s Tiffany Johnston (left) participates in a panel discussion highlighting mentoring best practices, an event sponsored by Professional Women in Construction in New York City. Tiffany came to Armand from a position in Washington, DC, monitoring compliance for federal programs, and has risen to the position of Operations Manager overseeing compliance and contracts for numerous client projects.