Tishman Construction Selected for National Minority Business Award

Commercial News » Commercial Real Estate Edition | By Michael Gerrity | January 7, 2010 4:17 PM ET

(NEW YORK, NY) -- Tishman Construction Corporation (TCC) has been selected to receive the "Outstanding Corporate Supplier Diversity Award" from the National Minority Business Council, an organization that helps minority, women and veteran-owned business enterprises (M/WBE).

The award is in recognition of Tishman Construction Corporation's impressive efforts in 2009 to increase subcontracting opportunities for M/WBE firms in the construction industry.

Recently, Tishman awarded more than $350 million to M/WBE firms on construction projects, including two New York City skyscrapers.  This total includes $200 million in contracts on the Goldman Sachs Headquarters project in Downtown Manhattan--the largest M/WBE project in the state of New York--as well as $150 million on the Bank of America Tower at One Bryant Park in midtown. 

Since the 1960s, when Tishman pioneered its own M/WBE program years before any government agency required one, TCC's commitment to engaging the talents and expertise of M/WBE firms has resulted in the award and completion of contracts totaling many hundreds of millions of dollars.

"Tishman Construction has been a true leader in utilizing minority- and women and veteran-owned businesses as subcontractors on all of their major construction projects around New York City and nationwide," said John F. Robinson, President and CEO, NMBC, Inc. "In recognition of their impressive record over many years, we are thrilled to present them with our 2009 award for Outstanding Corporate Supplier Diversity."

"We at Tishman are proud to receive this honor from the National Minority Business Council, and we remain deeply committed in our efforts of expanding opportunities to minority- women and veteran- owned businesses in our industry," said Daniel R. Tishman, Chairman & CEO, Tishman Construction Corporation.

TCC's experience dates back to the 1960s when the firm built the original World Trade Center complex for the Port Authority of New York & New Jersey, a project that posed difficult labor challenges.

While oversight agencies then did not require specific goals for minority workers, Tishman proceeded to initiate its own program. The effort was successful and enabled Tishman to maintain a full schedule without any loss of production time.

Tishman Construction Corporation is one of the nation's premier construction organizations that have been in business for over 111 years. Tishman is responsible for the construction of more than 450 million square feet of space in the U.S. and are ranked #2 in the nation on Building Design & Construction magazine's Top Construction Managers list.

TCC's current or recently completed projects nationwide include:

New York: One World Trade Center, previously known as Freedom Tower, to be the city's tallest building, and the renovation and expansion of the Javits Convention Center.

Boston:  Renovation of the 14-story Ames Building, turning Boston's first skyscraper (built in 1904) into a four-star boutique hotel known as Ames.

Las Vegas:  MGM MIRAGE's $9-billion CityCenter, an 18-million-square-foot mixed-use project on the Las Vegas Strip.

Chicago:  Construction of a $1.75-billion capital improvement program involving 1,950 renovation and expansion projects totaling 37.3 million square feet throughout the Chicago Public Schools system.

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