NYC calls on State to increase discretionary spending limit for M/WBEs to $1 million

by | posted in: African Diaspora New York, African Immigrant New Yorkers, African-American community in New York, Black Entrepreneurs in New York, Photos & News - African New Yorkers in Harlem and Beyond |

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.

Related Images:

Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4374 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4377 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4378 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4379 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4381 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4385 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4390 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4393 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4394 Meet-and-Greet-with-the-African-Diaspora-and-H.E.-Dr.-Arikana-Chihombori-Quao-African-Union-Permanent-Representative-to-the-US-at-African-Services-Committee-in-Harlem-4397