This Thursday: Minority Business Bonding Workshop

Join us for an overview of bonding and to gain details on the State’s bonding program. Allen McConnell of the Ohio Development Services Agency will present the Minority Business Bonding Program and answer your questions regarding increasing your bonding capacity.

Register online at http://mbebonding.eventbrite.com

Thursday, December 18, 2014

12:00-1:30pm

City of Dayton One Stop Center – Human Relations Council

371 W. 2nd St., Suite 100

Dayton, Ohio 45402

Applications can be submitted to Allen the day of the presentation. To download an application, copy the link below or visit the DSA/MBDD Bonding website. [Application – http://development.ohio.gov/files/bs/Bond%20Application%20Sept%202013.pdf ]

The Minority Business Bonding Program provides bid, performance, and payment surety bonds to state certified minority-owned businesses that are unable to obtain bonding through standard surety companies.  To be eligible for this program, the project for which bonding is sought must be economically feasible; and the minority business must not have defaulted on a previous bond issued by the Ohio Development Services Agency. The maximum bonding line pre-qualification is $1 million per business.  The premium for each bond requested is 2 percent of the face value of the bond.  The business must demonstrate the benefit to Ohio residents by increasing employment opportunities. The collateral and/or security are the personal guarantees of the principals and persons substantially involved in business operations, and other such collateral as warranted.

— Call 937.333.1002 for more information —

Register online at http://mbebonding.eventbrite.com

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