Browning Davis, the construction joint venture formed by Browning and Davis & Associates to construct Innovation 1 at 16 Tech, received the Mayor’s Diversity Above and Beyond Award from Indianapolis Mayor Joe Hogsett at the Indiana Black Expo Mayor’s Breakfast on July 12.
Browning Davis was recognized for its efforts to involve minority businesses in Innovation 1 construction. The joint venture nearly doubled the desired level of minority participation, with 50 percent of the firms working on Phase One of the building being XBEs – the collective term for Minority Business Enterprises, Women Business Enterprises, Veterans Business Enterprises and/or Disabled-Owner Business Enterprises – compared to a City goal of 27%.
“There is no reason to accept a low goal when reaching higher delivers this kind of community impact,” said Browning Project Manager David McMath. “This project shows what’s possible when you focus on building relationships rather than simply building buildings.”
Innovation 1 is a 120,000-square-foot, $30 million structure. It is fully leased, and tenants will be the Indiana Biosciences Research Institute (IBRI), the Central Indiana Corporate Partnership (CICP) and its talent and industry initiatives, and researchers with the Indiana University School of Medicine’s newly established Indiana Center for Regenerative Medicine, a molecular therapeutics program and technology incubator.
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About Browning Davis
Browning Davis is a construction joint venture between Browning and Davis & Associates to construct Innovation 1 at 16 Tech. Founded in 1977, Browning is an Indianapolis-based commercial real estate development, construction and management company with a reputation for executing large transactions and complex projects across diverse product types. For more at www.browninginv.com. Doing business since in 1992, Davis & Associates, Inc. is a minority-owned and operated construction management and general contracting company specializing in commercial, industrial, and institutional projects with offices located in Indianapolis, IN and Atlanta, GA. For more information, visitwww.davisassocindy.com.
About 16 Tech
16 Tech is one of the largest talent attraction, retention and development opportunities in Indianapolis’s history. Located on the near west side of Indianapolis, 16 Tech will bring talent together to collaborate and drive cross-sector innovation in advanced industries. The nonprofit 16 Tech Community Corporation oversees the development of the district and ensures benefits of economic growth, new investment and job creation in the 16 Tech District extend to nearby neighborhoods as well as the city, the region and the state. More information can be found at www.16tech.com.
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Media contact: Jen Thomas, JTPR, 317-441-2487, email@example.com