New York City's Objective: Increase Contract Opportunities for Women and Minority-Owned Enterprises.

Emad Salam Ali

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New York City's mayor, Eric Adams, has set a goal to direct $60 billion of contractual work to minority- and women-owned businesses (MWBEs) by 2030. To achieve this, Michael Garner, the city's first chief business diversity officer, plans to establish a mentorship program to assist MWBEs in bidding for and winning contracts.

However, being certified as an MWBE does not ensure work, as only 17.7% of certified MWBEs were granted a new contract in fiscal 2022. The city aims to award $25 billion to certified firms between fiscal 2023 and 2026 and reach a cumulative $60 billion by fiscal year 2030. Other US cities and towns are also working to increase MWBE participation.

09:17 PM

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By : Emad Salam Ali

Emad Salam Ali is a professional journalist since 2016, a media graduate from Iraq University, a technology expert, a media consultant and a member of the International Organization of Journalists - a member of the fact-checking team at Meta Company. He writes in the fields of entertainment, art, science and technology, and believes that the pen can change everything.

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