Building Inclusive Development (BID)

Our Building Inclusive Development (BID) program helps emerging Black-owned contracting businesses and developers participate in and benefit from the real estate development economy.

Many factors work against Black-owned businesses to keep profit margins substantially lower than those of their non-minority counterparts in real estate development sectors. Lower revenue results in lower profit margins and less access to capital, which makes it difficult to bid on lucrative contracts and pursue new properties. The BID program aims to maximize opportunities and impact for Black-owned businesses in real estate development sectors.

BID aims to alleviate a range of challenges associated with the bidding process for contractors and acquiring real estate for developers. The program brings together emerging Black-owned contractors and real estate developers to deepen their knowledge and build their networks as a cohort. Seminars with industry professionals provide expertise on how to locate, secure, and maximize quality opportunities. In addition, BID guides and supports Black-owned businesses in acquiring and activating properties to foster generational wealth while building equity in communities of color and beyond.

Building Growth Cohort

Eligible contractors can apply now for the 2023 session!

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Who BID Serves

Emerging Black-owned Contracting and Construction Businesses

BID aims to provide emerging black-owned contracting and construction businesses with two main forms of support.

Project access and management support that improves preparation for, access to, and success achieved with larger-scale construction projects
Strengthen business fundamentals and practices to achieve greater benefits from and access to larger-scale construction projects

Emerging Black-owned Real Estate Development Businesses

BID aims to provide emerging black-owned real estate development businesses with two main forms of support.

Property acquisition and activation support that improves the ability to identify, evaluate, finance, purchase, renovate, manage, and generate revenue from real estate development opportunities knowledgeably and confidently
Strengthen business fundamentals and practices to lead successful real estate development opportunities that deepen equity in Black communities and beyond while building generational wealth

BID is best suited for small business that are truly emerging. Typically the contracting and construction businesses we support (1) employ less that 5 employees and/or contracted positions, (2) access projects ranging from $10,000 to $100,000, (3) earn less that $250,000 in gross revenue annually, and (4) aspire to take the steps needed for meaningful growth.

What BID Does

Mastering the Trade of Entrepreneurship

BID offers Black-owned contracting and construction businesses access to a range of tools.

Hours of business assistance and coaching
Investments in supportive services (legal, marketing, financial, etc.)
Project opportunities to expand capabilities and confidence
Revenue generated from project participation
Capital to pursue project opportunities and business growth
Participation in supportive peer groups of similar businesses

Removing Barriers to Real Estate

BID offers Black-owned real estate developers access to a range of tools.

Hours of business assistance and coaching
Investments in supportive services (legal, marketing, financial, etc.)
Guidance with property acquisition and activation
Capital to property acquisition and activation
Participation in supportive peer group of similar businesses

Wilco Construction

Darrell Williams, Owner of Wilco Construction has made significant financial strides utilizing business coaching, consulting, and networking. Williams learned the accounting software QuickBooks to manage finances; developed a marketing plan; and worked with McKibbin Consulting on his bid strategy. Building his networks helped Williams broker more connections in the local construction industry and increased Wilco Construction’s revenue by 294%.

BID's Impact

Projects as Catalysts for Growth

Through BID participation, emerging Black-owned contracting and construction businesses experience a positive state change from emerging to established as evidenced by below.

Increased revenue and profitability
Expansion of workforce and/or back-office support
Stronger business practices and foundations
Confidence in operations and prospects for success
Successful project engagement post BID support

Properties as Catalysts for Growth

Through BID participation, emerging black-owned real estate development businesses experience a positive state change from emerging to established as evidenced by below.

Increased revenue and profitability
Ownership and equity in communities increases
Expansion of back-office support
Evidence of stronger business practices and foundations
Confidence in operations and prospects for success
Successful real estate development post BID support

Bridgeway has built a long track record of social impact investing to help clients acquire and activate property in underserved areas. Out of that experience, Bridgeway launched the Building Inclusive Development (BID) program to maximize equity and impact in real estate development sectors to set more clients up for success. Ask how Bridgeway can help you access capital and guidance.

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