MINNEAPOLIS, Nov. 18 /PRNewswire/ -- Mortenson Construction will recognize 24 subcontractors who exceeded their workforce diversity goals by hiring minorities and women to build the TCF Bank Stadium and Target Field.
A recognition ceremony is set for 4 p.m., Wednesday, November 18, 2009 at Mortenson Construction's headquarters, 700 Meadow Lane North, Minneapolis.
As the general contractor for TCF Bank Stadium, home of the University of Minnesota's Golden Gophers, and Target Field, home of the Minnesota Twins, Mortenson Construction is responsible for maximizing the involvement and participation of minority and women workers on construction sites and spurring the growth of small-, women-, and minority-owned businesses through their participation in publicly-funded construction projects.
TCF Bank Stadium, completed in July 2009, achieved a total of 41 percent minority and female workforce participation, exceeding the 31 percent goal. Women- and minority-owned business participation surpassed the 22 percent goal, reaching 30 percent. In total, 70 women- and minority-owned firms were awarded $60.7 million of the $202 million subcontracted work ($32.8 million to women-owned; and $27.9 million to minority-owned). Contract sizes ranged from $2,000 to $5 million.
Target Field, nearing completion in March 2010, indicates preliminary numbers through October 2009 of approximately 26 percent minority and 6 percent female participation, exceeding goals of 25 percent and 5 percent, respectively. In addition, Target Field's women- and minority-owned business participation has achieved approximately 32 percent, exceeding the 30 percent target. Through October, 126 small-, women- and minority-owned firms have been awarded $99 million of the $307.8 million subcontracted work ($25.76 million to small businesses, $36 million to minority-owned; and $37 million to women-owned). Final numbers for Target Field will be available near the conclusion of the project.
"We are honored to work with each of these firms to achieve these significant goals," said Ken Sorensen, vice president and general manager of Mortenson's Minneapolis operations. "These results have benefited our community and have created employment and business opportunities that reach far beyond measurable results by numbers."
Founded in 1954, Mortenson Construction is a U.S.-based, family-owned construction company. As one of the nation's top builders, Mortenson provides a complete range of services, including planning, program management, preconstruction, general contracting, construction management, design-build, and turn-key development.
Mortenson has offices in Chicago, Denver, Milwaukee, Minneapolis, Phoenix, and Seattle with international operations in Canada and China.
Mortenson has built many of the Twin Cities landmarks such as the MacPhail Center for Music, Minnesota Public Radio Expansion, Minnesota Zoo Russia's Grizzly Coast Exhibit, Minneapolis Central Library, Walker Art Center Expansion, University of Minnesota McNamara Alumni Center, Wells Fargo Tower, and the Minneapolis Convention Center and Expansion.
For additional information visit www.mortenson.com.
SOURCE Mortenson Construction