Key Initiative

Minority Business Development Institute Partnership

Helping Minority- and Women-Owned Contractors

Starting in 2012, Travelers and the Minority Business Development Institute (MBDI) partnered to help small minority- and women-owned contracting firms — an underserved segment of this market — become bonded, which can increase their sustainability and success. Rather than waiving surety bond requirements, MBDI believes that education and one-on-one advisory consulting services will create sustainable minority- and women-owned contractors. In addition to providing a $100,000 grant, Travelers participates on MBDI’s advisory board and has presented educational content to more than 180 minority- and women-owned contractors.