Economic Perspectives with Hopeton Hay on KAZI 88.7 FM in Austin, TX

Minority Business Business Opportunities on Formula 1 Focus of March 28th Economic Perspectives

Posted by nchanel on March 28, 2011

Hopeton Hay interviews Cloteal Haynes about contracting opportunities for minority and women-owned firms on the construction of the new Formula 1 race track in Austin, Texas on Economic Perspectives on Monday, March 28th, at 5:30pm. Listen live at KAZI 88.7 FM Austin or online here: KAZIFM.org. Haynes’s firm, HEW, was hired by the developers of the Formula 1 facility to assist with the Minority-owned and Women-owned Business Enterprise (MBE/WBE) Procurement Program outreach to contractors

Developers will work closely with Haynes, HEW managing partner, who will be responsible for developing the MBE/WBE plan for the multipurpose venue that is scheduled to host its first event in 2012. In addition to assisting with outreach to local firms and minority contractor associations,  Haynes will assist in preparing MBE/WBE participation reports for the project and participate in meetings with City officials throughout the course of this project.

“The Formula 1 project represents a tremendous economic development opportunity for our city and I am excited to work with this team who is clearly committed to diversity in the construction of these world-class facilities,” said Ms. Haynes.

Haynes-Eaglin-Waters (HEW) provides general construction, construction management and MBE/WBE program management services. Established in February, 1988, the company is owned by Cloteal Davis Haynes and Kirk L. Waters who have a combined total of over 60 years experience in the construction and program management industry. Ms. Haynes has served as the M/WBE program manager for several notable Austin-area projects, including the City of Austin Water Treatment Plant No. 4, the Seaholm Plaza Development and the AISD School Bond Construction Programs for 1996, 2002, 2004 and 2008. Haynes has a masters degree from LBJ School of Public Affairs at The University of Texas at Austin.  She is also a graduate of Leadership Austin.

The Formula 1 United States Grand PrixTM 3.4-mile circuit combines modern features with details reminiscent of traditional races from the 1960’s. The surrounding landscape will allow for a maximum elevation change of 133 feet, a feature that is sure to please drivers as well as fans. In addition, the circuit includes a strategic combination of over 20 turns, including variations of classic corners such as Istanbul Turn 8, Maggots–Becketts–Chapel and Hockenheimring’s Stadium Section. The multifunctional facility, hosting the Formula 1 United States Grand Prix, is ideally situated on a 900-acre site in southeast Austin along the SH 130 corridor near FM 812.

For more information, visit www.formula1unitedstates.com.

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