TEXAS TECH BOOSTS NUMBERS OF HISTORICALLY UNDERUTILIZED BUSINESSES
February 23, 2005
FOR IMMEDIATE RELEASE
Date: February 23, 2005
CONTACT: Scott Slemmons, scott.slemmons@ttu.edu
TEXAS TECH BOOSTS NUMBERS OF HISTORICALLY UNDERUTILIZED BUSINESSES
LUBBOCK – Texas Tech University has almost quadrupled its use of Historically Underutilized Businesses (HUBs) in major construction and renovation projects since 2002, according to the State of Texas.
In 2004, the Texas Tech Office of Facilities Planning and Construction (OFPC) spent $11.7 million with HUBs, or companies owned by minorities and women. This represents 16.17 percent of OFPC's total expenditures ($71.5 million) for large-scale building projects.
In 2002, 3.57 percent of OFPC's total expenditures went to HUBs.
So far in FY 2005, OFPC has expended $27.4 million, with HUB expenditures of $6.7 million. This represents 24.27 percent of construction-related expenditures with HUBS.
Mike Ellicott, vice chancellor for Facilities Planning and Construction at Texas Tech, credits Jean Carlton, OFPC's HUB program manager, for the success of the program.
"Jean has built our program from the ground up," said Ellicott. "She continuously emphasizes its importance to all of our contractors and to the HUB businesses as well."
"Many small, minority or woman-owned enterprises would qualify for State of Texas Certification as a HUB, but they just don't realize that," Ellicott said. "Jean developed a program for us to personally visit these companies to explain the program and encourage them to apply for certification, and 35 new businesses were certified as HUBs in the last year. Our intention is to continue to expand our recruiting program during the coming years. Helping small businesses become HUB-certified is good for Texas Tech, but it benefits them the most. We've also established contractual incentives for our major design firms and construction contractors to use HUBs."
Carlton said OFPC has established a mentor-protigi program to help HUBs become more successful.
"With our mentor-protigi program, larger firms establish partnerships with smaller HUB companies to help them improve and expand their businesses," said Carlton. "We've found that it's a wonderful way to help HUBs grow their business."
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SOURCE: Jean Carlton, manager of construction contracting, Office of Facilities Planning and Construction, Texas Tech University, (806) 742-2116 or e-mail jean.carlton@ttu.edu.
Date: February 23, 2005
CONTACT: Scott Slemmons, scott.slemmons@ttu.edu
TEXAS TECH BOOSTS NUMBERS OF HISTORICALLY UNDERUTILIZED BUSINESSES
LUBBOCK – Texas Tech University has almost quadrupled its use of Historically Underutilized Businesses (HUBs) in major construction and renovation projects since 2002, according to the State of Texas.
In 2004, the Texas Tech Office of Facilities Planning and Construction (OFPC) spent $11.7 million with HUBs, or companies owned by minorities and women. This represents 16.17 percent of OFPC's total expenditures ($71.5 million) for large-scale building projects.
In 2002, 3.57 percent of OFPC's total expenditures went to HUBs.
So far in FY 2005, OFPC has expended $27.4 million, with HUB expenditures of $6.7 million. This represents 24.27 percent of construction-related expenditures with HUBS.
Mike Ellicott, vice chancellor for Facilities Planning and Construction at Texas Tech, credits Jean Carlton, OFPC's HUB program manager, for the success of the program.
"Jean has built our program from the ground up," said Ellicott. "She continuously emphasizes its importance to all of our contractors and to the HUB businesses as well."
"Many small, minority or woman-owned enterprises would qualify for State of Texas Certification as a HUB, but they just don't realize that," Ellicott said. "Jean developed a program for us to personally visit these companies to explain the program and encourage them to apply for certification, and 35 new businesses were certified as HUBs in the last year. Our intention is to continue to expand our recruiting program during the coming years. Helping small businesses become HUB-certified is good for Texas Tech, but it benefits them the most. We've also established contractual incentives for our major design firms and construction contractors to use HUBs."
Carlton said OFPC has established a mentor-protigi program to help HUBs become more successful.
"With our mentor-protigi program, larger firms establish partnerships with smaller HUB companies to help them improve and expand their businesses," said Carlton. "We've found that it's a wonderful way to help HUBs grow their business."
-30-
SOURCE: Jean Carlton, manager of construction contracting, Office of Facilities Planning and Construction, Texas Tech University, (806) 742-2116 or e-mail jean.carlton@ttu.edu.