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Minority- And Women-Owned Businesses Miss Out on NYC Contracts, Report Finds

by The Liberty Loft
October 18, 2021
in Business
Minority- and women-owned businesses miss out on NYC contracts, report finds

Reading Time: 2 minutes

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 […]

Read the rest of this story here: thelibertyloft.com

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