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Thursday, May 26, 2022

Metrolink to Train New Contractors

 Metrolink has partnered with Lendistry to create a free small business partnership program to offer small businesses the tools and training needed to bid competitively on the agency’s contracts, widening Metrolink’s pool of “contract ready” businesses.Partnering with small business lender Lendistry and training center, The Center by Lendistry, as well as nonprofit and business consultants, the Metrolink program will provide financial services and technical training to eligible small businesses in its service areas. Once a business completes the program, it is designated “contract ready” which allows them to take advantage of special contract opportunities and incentives, such as local preference points, bond and insurance relief and “net 15” invoicing.“As we continue to encourage economic growth and equity in the communities we serve, the Small Business Partnership Program is designed to remove potential institutional barriers for small businesses and prepare them to compete for and fulfill Metrolink agency contracts. The program is a win for the small business community, for the local economy and for Metrolink,” Metrolink Board Chair and Glendale City Councilmember Ara Najarian said in a statement.The program addresses three areas that have traditionally impeded small companies from competing for Metrolink contracts: opportunity, capital and capacity. Small businesses – including Disadvantaged Business Enterprises, micro-businesses and nonprofits – will be eligible so long as they are headquartered in one of the six Metrolink service counties, which include Los Angeles and Ventura.Metrolink has commuter rail lines in the Valley region. One runs from Lancaster in the Antelope Valley and the other from Ventura to Burbank, where the tracks join and run to Union Station in downtown Los Angeles.

“Small businesses make up half of the state’s workforce, so we are committed to support the long-term growth and success of the small business community in the Southern California region,” Arnold Hackett, Metrolink’s interim chief executive, said in a statement. “We are excited how the program can help advance opportunities for these enterprises.” 

Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert is a Los Angeles-based reporter covering retail, hospitality and philanthropy for the San Fernando Valley Business Journal. In addition to her current beat, she is particularly interested in criminal justice topics, health and science stories and investigative journalism. She received her AA in Humanities from Moorpark College in 2016, her BA in Communication from Cal Lutheran University in 2019 and followed it up with a MA in Specialized Journalism from USC in the summer of 2020. Through her work, Katherine aspires to help strengthen the fragile trust between members of the media and the public.

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