Crain’s New York Business obtained a draft report from the New York City Councilmembers Jumaane D. Williams and Brad Lander condemning the City for failing to meet its Minority & Women-Owned Business Enterprise Program goals.
Mayor Bloomberg initiated local Law 129 in 2005 to assist minority and women-owned businesses to participate in the lucrative and often complicated and highly competitive procurement process. The report underscores how much work needs to be done and why it is important to participate and push for the success of this program. In 2009, of the $5.3 billion handed out in city contracts, only 1.6% was awarded to minority and women-owned contracts. We can do much better than that!