The Washington-based Surety & Fidelity Association of America said that 16 small contractors from Mississippi have now completed the organization's course in how to increase and secure insurance bonding capacity.

SFAA said the eight-week educational program is based on its Model Contractor Development Program.

The educational effort, SFAA said, is the result of a Memorandum of Understanding among the Mississippi Development Authority, SFAA and the National Black Chamber of Commerce to establish such a program with the specific purpose of assisting Mississippi minority and small businesses in increasing their bonding capacity.

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