Stadium Financing Deal Includes “Transformative” Minority Hiring Plans
Date Posted: November 13, 2015
Posted In: Projects,
From stlToday: The proposal to build a $1 billion riverfront football stadium here includes the deepest and widest minority workforce plan ever assembled on a public project in Missouri, said city officials, union chiefs and a civil rights leader.
The plan, sent to city aldermen Tuesday afternoon, focuses on training new construction workers and helping small businesses grow. It would provide about $1.3 million from the stadium construction budget to recruit, train and even pay some living expenses for minorities and women in pre-apprenticeship programs.
It would set aside $2.1 million to guarantee loans, provide back-office assistance and quickly pay small businesses owned by minorities, women and veterans.
It also would build an electronic database of minority workers, so contractors could hire them for other public jobs after stadium work concluded.