Fuel for Thought is a periodic newsletter of the Regional Transportation Commission of Southern Nevada (RTC). The newsletter’s goal is to keep Southern Nevadans informed about the progress and accomplishments from their contributions to the Fuel Revenue Indexing initiative (FRI). Proceeds from FRI are funding 215 transportation projects throughout the valley and adding approximately 9,000 jobs through 2016, helping to support our economic diversification and improving the quality of life for all Southern Nevadans. We welcome your input – please visit rtcsnv.com/fri to provide public comment.
When significant roadway projects are underway, large contractors tend to get noticed with their heavy equipment and logos. However, behind the scenes, small, minority and women-owned businesses are playing important roles in rebuilding and expanding Southern Nevada’s transportation infrastructure.
Of the 92 businesses awarded contracts for Fuel Revenue Indexing (FRI) projects in 2014, 53 were local small businesses. In other words, 58 percent of the companies currently working on FRI-related projects are local small businesses. In addition, 40 percent of these local small businesses qualified as either a DBE (Disadvantaged Business Enterprise), WBE (Women Business Enterprise), MBE (Minority Business Enterprise), or a combination of the three.
To support these businesses, the Regional Transportation Commission of Southern Nevada (RTC) worked with local entities on a local small business directory for prime contractors and design consultants to use when developing proposals and bidding for work on FRI projects.
“The success of local small businesses is critical to our region’s continued economic recovery,” said Tina Quigley, RTC General Manager. “We are committed to ensuring independent small businesses can contribute significantly to the 199 projects throughout the Las Vegas Valley.”
As FRI enters its second year in Southern Nevada, the RTC’s commitment to the local small business community continues - translating to more jobs for services such as materials testing, traffic management tools, signing, striping, surveying, public outreach and construction products. For example, two FRI projects launched in North Las Vegas in early January 2015:
Valued at more than $5.6 million, these projects will engage more than half a dozen local small businesses, including: Hightower Trucking, JR2 Consulting, Target Construction, Wells Cargo, Muller Construction, Tiberti Fence and Affordable Signage and Striping. The prime contractors are Meadow Valley and Pace Contracting.
Watch the recap video of the groundbreaking event here. These two projects will create 81 new jobs and are expected to be completed in January 2016.
The start of 2015 marks the start of a very exciting year for Fuel Revenue Indexing. In addition to the many projects expected to break ground this year there are several large projects that will also begin construction.
Keep an eye out for updates on these projects and more in our next edition.
From creating more than 2,212 critically needed jobs so far, to making roadways safer for the local community, FRI is having a big impact throughout the Las Vegas Valley.
As the economy continued to recover and neighborhoods started to expand, the need for roadway improvement projects increased as well. This need was especially great for one local middle school and the many families who call the area home.
With the recent completion of a traffic signal at Ft. Apache Road and Maule Avenue, Faiss Middle School, and its surrounding neighborhoods, has seen first-hand the impact of FRI. The signal, located directly in front of the school, is helping to make the area safer for pedestrians and motorists alike.
Clark County Commissioner Susan Brager emphasized the impact that FRI projects, like this traffic signal, have on improving pedestrian safety. “Working together is making getting to school, work and play much safer and efficient.”
Nathan Miller, Faiss Middle School Principal, added that the signal is a representation of what can be accomplished when the local community comes together for a common cause. “Our hearts are filled with gratitude for what FRI and the local entities have been able to accomplish for our students and the nearby neighborhoods.”
This project is just one example of how Fuel Revenue Indexing is investing in our community…one gallon at a time.