Photos: Isseu Diouf Campbell
Mayor Bill de Blasio, business leaders, advocates, and elected officials announced on March 21, 2019, a State proposal that would create more economic opportunity for minority- and women-owned business enterprises (M/WBEs) in New York City.
The City is calling on the State to increase the discretionary spending limit for M/WBEs to $1 million for goods, services and construction. Increasing this limit would ease the contracting burden on M/WBEs by significantly reducing the amount of time and paperwork that is normally required as part of the bidding process, providing more flexibility for agencies to contract directly with M/WBEs and at higher dollar values.
This proposal could potentially increase the value of contracts awarded to M/WBEs by $500 million annually.
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