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New York City to pursue goal for $25 billion in MWBE awards

NY News - Published Feb 08, 2023

New York City Mayor Eric Adams announced in his recent "State of the City" address for 2023 a goal for the City to award $25 billion in contract dollars to minority- and woman-owned business enterprises (MWBEs) by fiscal year 2026, and to $60 billion by fiscal year 2030.

The move comes after the City hit a previous long-term spending goal for MWBE utilization three years ahead of what had been projected (as can be read at https://www.dbegoodfaith.com/item.php?item_type=news&news_id=2342). That goal, the OneNYC goal, called for spending $25 billion with MWBEs along a ten-year timeline, to be met in 2025. If the city hits its 2030 goal, it will represent a doubling of its current rate of MWBE spending. 

"We [...] want to make sure even more city dollars go to minority- and women-owned businesses," said Mayor Adams in his address.

Read the text of the Mayor's address at https://www.nyc.gov/office-of-the-mayor/news/063-23/mayor-adams-outlines-working-people-s-agenda-nyc-second-state-the-city-address.