Good Morning, Brooklyn: Friday, September 23, 2022
CITY SURPASSES GOAL IN CONTRACTS TO MINORITY AND WOMEN BUSINESSES: New York City has, three years ahead of schedule, surpassed its 10-year OneNYC goal to award $25 billion in contracts to minority- and women-owned business enterprises by Fiscal Year 2025, Mayor Eric Adams and New York City Department of Small Business Services (SBS) Commissioner Kevin D. Kim announced yesterday. New York City’s Minority and Women-owned Business Enterprises was created to address the disparity between city contracts awarded to certain ethnic and gender groups as compared to their availability in the relevant marketplace.
City agencies and authorities awarded more than $6 billion dollars to M/WBEs in FY22 — an increase of approximately 50 percent compared to Fiscal Year 2021, and included approximately $1.4 billion dollars in FY22 contract awards under Local Law 1, which governs the city’s M/WBE program.
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