New York, NY— The office of New York City Comptroller Scott M. Stringer has developed a series of workshops for minority and woman business owners that provide critical information regarding applying and qualifying for city contracts.
“New York City is one of the most diverse cities in the world, and yet our own government fails to make fairness a priority when it comes to spending city dollars,” said Comptroller Stringer. “With Comptroller’s M/WBE University, we’re building on our office’s work to develop innovative solutions that expand opportunities for all New Yorkers. This is about equity and inclusion – and helping these companies build real wealth across communities. If we’re going to have a true five-borough economy, we have to ensure everyone has a fair shot at earning City business.”
While City agencies are making important strides in delivering contracts to M/WBEs, major gaps remain. Last year the City awarded only $1 billion in contracts to M/WBEs out of a $19.3 billion budget in FY18 – just 5.5 percent of the total budget. Over 80 percent of M/WBEs did not receive any business from the City in FY18.
Comptroller Stringer’s series will offer market analysis, webinar trainings, market trends, and strategies to address industry demographics.