Clark Construction pledges $ 2.5 billion in subcontracts, launches educational program

Clark Construction Group has announced its commitment to award $ 2.5 billion in subcontracts over the next decade to graduates of its Strategic Partnership Program (SPP).

Clark Construction

Clark Construction Group has committed to awarding $ 2.5 billion in subcontracts over the next decade to graduates of its Strategic Partnership Program (SPP).

The announcement came with the launch of SPP ENCORE, Clark’s new continuing education program for the more than 1,200 diverse small business owners and managers who make up the PPS alumni network.

The SPP ENCORE commitment and new programming reaffirm Clark’s commitment to fostering inclusive growth in the construction industry.

Clark founded the SPP in 2006 to increase the business acumen, confidence and capabilities of emerging entrepreneurs to ensure they are well positioned to seize future opportunities on large scale construction projects.

Over the past 15 years, the Executive MBA-style development program has expanded to serve small minority-owned, women-owned, and veteran businesses in eight major markets across the country, including Washington, DC; Baltimore, Maryland; Chicago, Kansas City, Seattle, San Francisco, Los Angeles and Orange County, California. Since the inception of the program, Clark has awarded more than $ 1.2 billion in construction subcontracts to SPP graduate companies.

Clark’s SPP alumni network entrepreneurs have grown steadily since the program ended. Based on over 100 interviews Clark conducted earlier this year, their desire for continuous learning and access to resources and economic opportunities to help take their businesses to the next level remains strong.

Clark developed his SPP ENCORE program to help bridge this gap and connect graduates with the resources, tools and knowledge to achieve greater economic success.

“Our SPP alumni are part of Clark’s larger team and are members of a valued network of business leaders who share a passion and drive to succeed,” said Robby Moser, CEO of Clark Construction. “The ENCORE platform will foster lifelong learning and a greater sense of connectedness within our SPP network – a network that will support relationship building, information sharing and strategic partnerships that will connect alumni to de new business opportunities. “

The one-day symposium also featured a series of breakout sessions designed to help address some of the known challenges facing small businesses. Clark executives, SPP alumni, and industry and corporate executives from Ernst & Young LLP (EY US), Alliant Insurance Services, BMO Harris Bank, JP Morgan Chase and the Washington Area Community Investment Fund, among others, conducted focused discussions on topics such as accessing capital, hiring and managing a high-performing team, and best practices in bonding and insurance.

During the conference, Clark also announced other elements of the SPP ENCORE program, including a newly formed partnership with EY’s Entrepreneur Access Network. The alliance will provide advanced training and mentoring opportunities to SPP alumni and will continue to advance Clark’s mission of supporting small business capacity building and driving inclusive growth in the construction industry during of the next decade and beyond.

“Clark’s Strategic Partner Program has been integral to the growth of my business,” says Corey Smith, president of New Horizon Steel and graduate of Clark’s First Class SPP Chicago. “The program opened my eyes to what I needed to do to run a successful business and gave me greater confidence that I could become one of the area’s elite steelworkers. I’m excited that Clark is finding new ways to deepen his investment in the continued development of his SPP alumni, in Chicago and across the country, through his SPP ENCORE programming.

Clark’s $ 2.5 billion outsourcing commitment aims to ensure that SPP graduates have access to meaningful opportunities to grow their capabilities and businesses. The new pledge complements Clark’s SDBE15 program, through which the company has voluntarily pledged to achieve at least a 15% stake from small businesses or disadvantaged businesses on projects that do not otherwise have requirements for small businesses. companies.

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