New York City’s minority and women-owned business enterprises (MWBEs) stand to gain ground by a new law slated to take effect this July, according to Sandra Wilkin, founder and president of Bradford Construction Corp., New York, who helped develop the legislation.
The Introduction 911-A law eliminates the $1-million cap on program-eligible contracts established by Local Law 129 in 2005. It also increases city procurement contracts in areas including architectural and engineering services. The city expects 911-A, which is slated to go into effect in July, to increase the overall value of program-eligible contracts to $2.2 billion, from $433 million.