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Article: T.E.A. time.(Transportation Equity Act)(Brief Article)
- Article from:
- Black Enterprise
- Article date:
- April 1, 1999
- Author:
CopyrightCOPYRIGHT 1999 Earl G. Graves Publishing Co., Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The Transportation Equity Act could mean billions for minority construction firms
Would T.E.A. time come to a premature end? hat was the fear of some minority and women entrepreneurs, concerned that a multibillion-dollar provision in the U.S. Department of Transportation's Equity Act for the 21st century was about to be eliminated. Only four years after the end of the FCC's minority business credit, which provided a tax credit to television and radio station owners who sold outlets to minority entrepreneurs, they were faced with losing yet another lucrative business resource.
In essence, TEA-21 is a $217.3 billion investment in America's infrastructure ...