Diversified Contractors Accelerator Program

Diversified Contractors Accelerator Program

The Toledo-Lucas County Port Authority launched the Diversified Contractors Accelerator Program (DCAP) in 2010 to provide financial solutions to encourage increased participation by Northwest Ohio-based minority and women-owned contractors in publicly bid work and privately funded construction projects.

DCAP offers access to bid, performance, and payment bonds to contractors who are unable to obtain bonding through traditional sources and offers access to capital for the purchase of materials and payment of labor costs. Bonding is an essential piece of both public and private construction and construction-related businesses. Access to capital is equally critical to fund project materials and labor costs. By allowing the bonding and project cash flow decision to be brought to a local community level, DCAP intends to remove some of the obstacles that many minority and women-owned businesses face in securing bonding and managing project cash flow. In addition, the program will supplement the contractors’ educational and financial strategies by providing resources to leverage local industry training programs designed to teach the basics of the business of construction and in turn empower them to better compete and to build the tools necessary for long-term business success.

The Toledo-Lucas County Port Authority developed DCAP in cooperation with the Toledo Minority Contractors Business Assistance Programs, Ohio Department of Development Division of Minority Business Enterprise, Lucas County, City of Toledo, University of Toledo, Northwest Ohio Hispanic Chamber of Commerce, African American Bureau of Commerce, local banking community, and minority and women-owned business community.

The Port Authority continues to reach out to other private and non-profit entities interested in the success of the program to secure additional in-kind contributions to expand the scope of our ability to serve the greatest amount of participants within this constituency base.

For more information:

Craig Teamer
Manager, Finance and Special Projects
Email: cteamer@toledoport.org
Phone: 419.243.8251

Interested contractors should fill out the Company Profile form below.

Complete the form below to submit your Diversified Contractors Accelerator Program Company Profile.

Ownership Composition

Banking Relationships

Include Name, Company Name, Phone Number, Email Address and Relationship for two business references and one personal reference.

Evaluation Consideration

To properly evaluate consideration for participation in the Diversified Contractors Accelerator Program, all of the following information should be submitted in addition to this Contractor Profile Form. Submit information electronically to DCAP@toledoport.org. Please indicate whether this information is included.

As an authorized agent of the applicant Company, I hereby submit this Diversified Contractors Accelerator Program Profile. All information submitted on or with this application is accurate to the best of my knowledge. I also understand that additional information may be requested by the Toledo-Lucas County Port Authority at a later date. I also understand that this document in no way constitutes a commitment to fund any capital needs by the Toledo-Lucas County Port Authority.


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