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December 2024
2nd Annual Minority Business Development Institute (MBDI) Fundraising Gala
Your support helps fuel our mission to grow Minority, Women, and Veteran-Owned Businesses through education and access to bonding. Thanks to your generosity, we raised vital funds to empower entrepreneurs and create lasting opportunities!
Together, we made the night one to remember—filled with inspiration, connection, and commitment to a brighter future.
But our work is just beginning! Help us continue this important mission by donating to our 501(c)3 organization here: Donate Here
Thank you to the honorees:
Steve Alessio, CEO & President, Sweet Group LLC Construction
Jennifer Daniel Aument, CEO, The New Terminal One at JFK
Rick Cotton, Executive Director, The Port Authority of New York & New Jersey
Stephen L. Davis, Chairman & Founder, The Will Group.
- Ambac
- EPIC
- AXIS
- Chubb
- Travelers
- The Cayemitte Group (TCG)
- Flagstar Bank
- American Global
- Benfield Electric
- CAC Specialty
- Crescent Companies
- Conner Strong
- Industrial Electric Supply
- Monadnock Construction, Inc.
- Custom Design Innovations
- CNA Insurance
- The Will Group
- Park Avenue Building & Roofing Supplies
- New Yok State of Opportunity
- Sweet Group
- The New Terminal One at JFK
- Zurich Insurance
- Component Assembly Systems, Inc.
- AECOM Tishman
- Alliant Insurance Services
- LF Driscoll
- National Hispanic Business Group (NHBG)
- New York Power Authority
- Sciame Construction
- Embrace Partners.
January 15, 2013
MBDI set to launch NJEDA program
May 7, 2018
Haiti Mission
July 9, 2015
Peoria County tries to help minority and woman-owned businesses overcome barriers
June 5, 2015
MBDI launches its first Scholarship
April 14. 2015
MBDI Second Annual Golf Outing 2015
September 24, 2014
MBDI Partners with the Queens EDC
July 2014
MBDI extends a heartfelt thanks to each of the generous supporters of its First Annual Golf Outing.
Together. We Can Make Change Happen.
June 2014
The Board of Directors and Staff of MBDI Cordially Invite You to MBDI’s First Annual Golf Outing
September 10, 2013
Minority Business Development Institute Awarded $100,000 Grant from Travelers for Surety Bonding Education Program
Details
BORDENTOWN, NJ – September 10, 2013 – The Minority Business Development Institute (MBDI), a not-for-profit organization committed to helping socially and economically disadvantaged businesses prosper through surety bonding preparedness, announced today that it has received a $100,000, two-year operating grant from The Travelers Companies, Inc.
“Travelers management has provided immeasurable support to MBDI as valued advisors to program development since its founding in late 2010. Their strategic guidance as well as their active participation in classroom program delivery exemplifies unprecedented industry leadership,” stated David Cayemitte, Chief Executive Officer of MBDI. “This substantial grant award is further acknowledgement of their commitment to our successful partnership.”
While providing significant resources toward the advancement of the organization’s mission, the grant award underscores Travelers’ leadership and commitment to the development of minority contribution within the construction industry.
“Travelers is pleased to support MBDI as it further develops a viable and sustainable approach to promoting minority contribution within the construction industry,” said Tom Kunkel, President of Bond and Financial Products at Travelers. “We are committed to working together with MBDI and other industry peers to lead positive change across our industry.”
MBDI creates bondable contractors through consulting advisory services, comprehensive education and training in the areas of infrastructure development, operational efficiency and financial literacy. The MBDI educational platform positions small, minority, veteran and women-owned contracting firms for bond readiness and permanently increases their opportunities and profitability. The grant will support the development of MBDI’s strategic infrastructure to include human resources, orientation and training processes and procedures, and technology platform. This support is critical to the MBDI’s sustainability and expansion to a national platform.
Over $68 million in new surety credit had been secured by MBDI program participants at the conclusion of the organization’s second program this July. Through education and advocacy, MBDI is creating jobs and has established itself as an invaluable resource to the minority contractor community it serves.
“We are happy to be working with DASNY to create more and larger bondable contractors and look forward to continuing to offer this successful program to minority and women-owned businesses throughout New York State,” said David Cayemitte, President and Founder of MBDI. “The goal of creating jobs, wealth, and most importantly, sustainable systemic change is accelerated through our work with DASNY and others, and helps to shift the paradigm of economic inequality for the minority and women contractor community.”Through this campaign using education, one-on-one consulting, training and advocacy, MBDI will continue positioning disenfranchised minority, veteran and women-owned construction businesses nationally for sustainable economic growth.
April 10, 2013
MBDI Executive Director Promotes Bonding Education
April 1, 2013
Applications Welcomed for New Session of New York City Bond Readiness Program
March 25, 2013
MBDI to Help Create Bondable Contractors through DASNY’s Statewide Surety Bond and Capital Access Program
Details
February 25, 2013
SBA Bonds Create Opportunity and Minimize Risk
February 16, 2013
MBDI Surety Bond Readiness Program
January 27, 2013
New Nonprofit Aims to Help Minority, Veteran Contractors
January 15, 2013
The Minority Business Development Institute Launches Campaign to “Get People Back to Work”
October 2012
MBDI Bonding Readiness Program launched in New York City on October 2!