Sound Transit's Office of Civil Rights, Equity and Inclusion believes in leveling the playing field for all qualified consultants and contractors. It is our mission to help develop emerging and established Disadvantaged Business Enterprises (DBEs) and small businesses (SBs) so they can successfully compete on Sound Transit contracts. The agency's 25-year capital expansion program and state of good repair projects means the time to build DBE/SB capacity is now.
Through a needs assessment survey and interviews with primes, small businesses, internal staff and business organizations, we have identified training topics and other training considerations. The Office of Civil Rights, Equity and Inclusion has also identified partnering opportunities for select trainings and agency-specific trainings hosted by Sound Transit.
Sound Transit also partners with other organizations such as the USDOT Small Business Transportation Resource Center- Northwest Region and the Minority Business Development Agency-Tacoma Business Center to sponsor technical assistance opportunities.
Sound Transit's technical assistance program focuses on providing trainings that are meaningful and applicable to our contracts. Our trainings also offer valuable networking to help DBE/SBs build their network of associates.
Technical Assistance Programs Updates:
Upcoming Technical Assistance Class:
You are invited to participate the Financial Check-up for Small Business virtual workshop hosted by the Northwest Small Business Transportation Resource Center (SBTRC) and Sound Transit. This free workshop aims to provide information to small businesses currently working, or desiring to work, on public works projects in Washington State.
The workshop will take place on Wednesday, April 21 from noon ~ 3pm.
The goal of the workshop is to provide small business owners with the critical financial knowledge to ensure that their businesses succeed financially. Additionally, you will learn the 'language' of finance - helping you read and interpret financial information, making informed operational judgments and sound decisions to maximize your business venture's economic success.
Our presenter, David Lightfoot, has over 40 years of experience in accounting, finance & operations and has served as a CFO for small to medium sized firms across many different industries.
Take an essential first step to building a better financial future by taking this workshop. Please use this link to register. You will be re-directed to EventBrite's site to complete the registration.
- Financial Check-up for Small Business, Wednesday, April 21 12:00 - 3:00 pm
If you are a small architect, engineer, or contractor who does public works projects for Sound Transit or other public agencies or aspire to work on these projects, and you want to achieve financial success, this is for you.
Our presenter, David Lightfoot, is an experienced Chief Financial Officer who will lead us through a financial check-up for your businesses. The goal of this workshop is to make you and your firm more successful.
The workshop will include:
- Choice of the legal entity, utilizing financial advisors, internal controls;
- The three things every successful business must-have;
- Short term, medium-term and long term planning in business;
- Complexity of hiring additional employees;
- How to use financial information for decision making, budgeting, banking, cash flow
- Sound Transit types of contracts and calculating an overhead rate.
Questions? Please email nwsbtrc@EconomicAllianceSC.org
Speaker: David Lightfoot, CFO
David Lightfoot has almost 40 years of accounting, finance and operational experience. Most of the last 30 years David has served as Controller, Chief Financial Officer or Vice President of Finance for small and medium-sized businesses. He also has operations experience and has worked as a CEO, giving him a broad business perspective.
Capacity Building Mentorship Program
Sound Transit has partnered with Washington State Department of Transportation (WSDOT) on a Capacity Building Mentorship Program that began in April 2019. This is a re-launch of WSDOT’s Mentor/Protégé Program which began in July 2018.
The Capacity Building Mentorship Program’s intent is to foster a more competitive environment for project delivery by building a broader base of certified Minority, Small, Veteran, and Women Business Enterprises (MSVWBE), and disadvantaged businesses to perform work on transportation-related projects.
For more information about the Capacity Building Mentorship Program, visit the Capacity Building Mentorship Program's website.
Capacity Building Mentorship Program Updates:
- Capacity Building Mentorship Program | Program Update | June 2020
- Capacity Building Mentorship Program | Participant Directory | March 2020
- Capacity Building Mentorship Program | Quarterly Update | February 2020
- Capacity Building Mentorship Program | Quarterly Update | June 2019
- Capacity Building Mentorship Program | FAQ | March 2019