DASNY’s Capital Management Plan offers new growth opportunities for MWBEs and SDVOBs by providing project-specific lines of credit, surety bonding and back-office support to help them successfully bid on and execute DASNY construction projects as prime contractors.
DASNY is partnering with community non-profit LISC NYC and The Cayemitte Group, a consulting firm and full-service insurance and surety bond brokerage, to launch the innovative program.
The Capital Management Plan helps MWBE/SDVOB companies access capital needed to compete as prime contractors on DASNY projects.
CMP enables MWBEs/SDVOBs participants to purchase construction, plumbing and electrical supplies at competitive terms and pricing on DASNY projects.
Helps MWBEs/SDVOBs secure the surety bonding and capital access required for construction projects over $100,000 through a revolving loan fund.
Facilitates timely payments on project-related expenses with back-office supports, including financial management and funds control.
CMP builds MWBEs/SDVOBs capacity needed to manage larger projects through training.
As a minority-owned and certified full-service insurance brokerage and surety bonding firm, The Cayemitte Group is proud to partner with each of its clients to assist in managing corporate risks and position firms for opportunity and growth. TCG’s multidisciplinary approach offers a wide range of strategic, advisory risk management and consulting services, including capital management support. Our unique area of specialty is the development and support of small, veteran, minority and women-owned business enterprises (MWVBEs) via financial and operational capacity-building and education programs to help access capital and open doors to opportunity.
We welcome you to explore how we can be of service to you.