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NEW YORK — New York City is letting down its minority- and women-owned businesses, according to a new report from Comptroller Scott Stringer’s office.
A paltry 3.8% of city contracts were awarded to such businesses, known as MWBEs, in the fiscal year that ended June 30, the study found.Stringer gave the city a grade of “C-” on its job of sending business to MWBEs.The picture was even worse when it came to Black-owned businesses, his office found.Such businesses got just $6.8 million in city contracts — a decrease of about $2.8 million compared to the previous year […]
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