Black Construction Companies Working on $350 Million Obama Presidential Center

Style Magazine Newswire | 3/2/2018, 3:12 p.m.
Now that Barack Obama is out of the White House, he’s making a statement on support for Black businesses with …
The Obamas Photo by Mark Wilson/Getty Images)

Source: The Grio/Good Black News

Now that Barack Obama is out of the White House, he’s making a statement on support for Black businesses with a huge deal for the Obama Presidential Center. The OPC is set to cost about $350 million, and an alliance of minority firms is set to get a large chunk of that. Powers & Sons Construction, UJAMAA Construction, Brown & Momen, and Safeway Construction, all part of the Presidential Partners consortium, have all come together as part of the Lakeside Alliance working on the presidential center, according to Black Enterprise. The minority companies will be getting a 51% stake, while Turner Company, which is one of the nation’s largest construction companies, will have a 49% stake. It’s a historic move, not just because of the companies involved but because most minority firms will be hired on as subcontractors and not given majority stakes like this.

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