02 Jul Five Ways to Prepare Your Business to Participate in Nashville’s Equal Business Opportunity Program
The Equal Business Opportunity (EBO) program will be live July 5, 2019. This is a historic stride as it relates to minority-owned and women-owned business participation.
The legislation will formally establish the Equal Business Opportunity program and require Metro Nashville to implement race and gender conscious subcontracting goals, based on market availability, for all public contracts. This is a major shift from the current ordinance, which allows for a race and gender-neutral subcontracting program.
Here are five steps you must take to maximize your participation in the very first business equity package that will absolutely benefit small businesses owned by ethnic minorities and women:
Do your homework.
In order to fully understand the importance of this legislation, you have to know the history behind it. The city’s very first disparity study was completed in 1999. This was a result of advocacy streaming from many leaders in the Nashville community, such as Marilyn Robinson, president of the Nashville Minority Business Center.
Additional studies were completed and several strategic campaigns took place until Mayor Briley announced that these contracting disparities will not occur on his watch.
If this is your first-time hearing about the Equal Business Opportunity ordinance, never fear. Google is near. You can learn more about the timeline by reading news articles and visiting the official Metropolitan Government of Nashville website.
Joining organizations of women and minority business owners will help you understand what the program is about and what it is not about. Your membership will introduce you to a world of discussions and perspectives that you may not have considered. Organizations that actively fight against this type of discrimination include the Nashville Minority Business Center, Nashville Black Chamber of Commerce, Nashville LGBT Chamber of Commerce, and the Nashville chapter of the National Association of Women Business Owners.
Get connected digitally.
Staying connected on social media and subscribing to newsletters will help you remain updated on this iconic legislation. You will also be invited to community meetings where you can learn more about how you can participate.
Try connecting with the Metro Nashville Office of Women and Minority Business Assistance, the Nashville Business Incubation Center (of course!) and other business development organizations to gain more insight.
Find a mentor.
Many of our alumni have had success in the public contracting process. If you’re wondering how the process works or what you should expect, try reaching out to business owners who’ve already gone through the process. Their knowledge and resources will be invaluable to you as you begin this journey.
Apply for ELEVATE.
ELEVATE is one of our newest offerings designed to demystify the public contracting process for small business owners. We’ll offer this program in two distinct tracks – one for business owners who work in professional services and one for business owners who work in construction or construction-related fields.
This offering directly prepares qualified women, veterans, and minorities to compete in the public contracting process. With our proven model, the businesses who complete this program will be well prepared to scale and procure with Metro Nashville as well as other government entities at the local, state, and federal levels.
To embark on your entrepreneurial journey, or scale your company, register today for one of our latest offerings.