Mayor Eric Adams will unveil a plan today that significantly raises the amount and number of city contracts awarded to businesses owned by minorities and women, addressing a longstanding inequity in the way city agencies dole billions of dollars a year.
Make your contribution now and help Gothamist thrive in 2023.Mayor Eric Adams will unveil a plan Thursday that significantly raises the amount and number of city contracts awarded to businesses owned by minorities and women, addressing a longstanding inequity in the way city agencies dole out tens of billions of dollars a year in contracts.at Queens Theatre in Flushing Meadows-Corona Park.
The mayor added that his plan would provide “additional spending, better oversight, and more support for underutilized minority groups.” In 2021, minority and women-owned businesses were awarded $1.2 billion, representing less than 4% of the city’s total spending on contracts, according to aThe comptroller’s report also noted that while the number of businesses owned by minorities and women has tripled since 2015, only 16% received city spending.
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