Guest Op-Ed: Holding agencies accountable for M/WBE spending
New York City is as diverse as it’s ever been, with nearly 40 percent of our residents born outside the U.S., nearly 50 percent speaking a language other than English at home, and over 55 percent identifying as people of color.
As the city’s chief financial officer, it is my job not only to scrutinize our budget for waste, fraud and abuse, but also to envision what our economy will look like decades down the line. Part of this is understanding how diversity—from the factory floor to the boardroom—is an economic development imperative.
A robust minority and women-owned business enterprise (M/WBE) program not only makes government more efficient by increasing competition, but also helps foster an inclusive economy of shared prosperity.