Florida Gets Its First Public/Private Partnership Trade Association
As the momentum for public/private partnerships (“P3”) continues to accelerate, both within Florida and elsewhere, the first Florida P3 trade association is preparing to launch. With an inaugural board already empanelled and setting its first meeting in August, the Florida Council for Public Private Partnerships (“FCP3”) will provide educational content, case studies, relationship development and networking, and other programs to stimulate P3s in Florida and help its members start to do business with each other. Educational programs will include studies of P3 projects from around the state, both successes and failures, to explore what went right and what went wrong. National consultants and advisors will provide educational components and, in the process, members will develop relationships with each other with a goal of working together on P3 jobs.
Membership in FCP3 will be open to anyone interested in P3s, with membership categories including public owners; equity financers and lenders; contractors, lenders and developers; and associate members including lawyers, accountants, and members of the insurance and surety industries. The inaugural board consists of members from large and well-known governmental entities, investment firms, banks, contractors and engineers. The board membership will be announced after the inaugural meeting in August. The goal is to launch FCP3 this fall.
If you’re interested in more information about membership, please contact me. Otherwise, stay tuned to this blog in the fall for more details.