With the share of New York City agency contracts awarded to minority- and women-owned business enterprises lagging behind city goals, a new report from the city comptroller’s office lays out steps needed to improve procurement processes for more equal participation.
Prime contracts for construction and other services awarded to M/WBE firms in 2022 accounted for just 15.86% of overall value of city contracts subject to participation goals, according to the report. Nearly 40% of construction contracts went to those companies but they represented only 9.35% of the value of eligible construction contracts, or $379.3 million.