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.