Many new developments and construction projects are compelled to track how many small and diverse businesses are working on their project along with how many local and diverse residents are employed by the contractors working on the project. Much of the time, this tracking and reporting is done because the projects have some public participation – tax credits, public financing, land use approvals – but there are also projects that track and use this information because the recognize it increases the value of their project. Tracking these efforts are important because they can help to quantify the economic value that these projects have in their community. Unfortunately, this process has always been difficult and cumbersome. Often it has just been a compliance effort on the part of the projects and jurisdictions – a box that needs to be checked. The broader, very important, story is rarely told.
SkillSmart’s new InSight platform has been designed to achieve both of these functions – simply and dynamically meet the compliance requirements and provide usable data to tell the exciting story of the project impact.
As important, this data and associated tools help developers, GCs, and subs to make better decisions, hire stronger partners and employ better workers.
Now it’s easier for construction projects to get and stay compliant with their business and workforce requirements, and for all projects to demonstrate why they are beneficial for their communities by strengthening local businesses and residents.