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Source : Contractor News
January 4, 2022
Author : Kristy Casanova
New York Governor Kathy Hochul has announced that her state has exceeded its minority- and woman-owned business (M/WBE) utilization goal for the 2020-2021 fiscal year. The goal was set at 30 percent, and the state of New York reached a 30.51 percent utilization of M/WBEs.
New York’s 30 percent goal represents a total of $3 billion worth of state contracting dollars awarded to M/WBEs and the highest participation goal in the nation. The Empire State Development’s Division of Minority and Women’s Business Development released the 2020-2021 annual report which stated that the State’s directory of certified M/WBEs also reached its highest number of registered firms, over 9,000.
“As we build back better from the COVID-19 pandemic, we must build back inclusively and I’m proud of the aggressive measures New York State has taken to ensure everyone is empowered to participate in our growing economy,” Lieutenant Governor Benjamin explained.
“Governor Hochul has worked tirelessly to break down systemic barriers to MWBE’s participation in state contracting, and by surpassing our 30 percent utilization goal – the highest in the nation – we are ushering in a new era of equal opportunity for MWBEs to succeed.”
You can see the press release from the Governor's office at: https://www.governor.ny.gov/news/governor-hochul-announces-minority-and-women-owned-business-enterprise-utilization-rate-leads
Also check out the ESD's report at: https://esd.ny.gov/esd-media-center/reports/division-minority-and-womens-business-development-annual-report-2021