Speaker Carl Heastie, Governmental Operations Committee Chair Michele Titus, and Oversight of Minority and Women-Owned Business Enterprises (MWBE) Subcommittee Chair Rodneyse Bichotte today announced the passage of legislation to renew and expand New York State’s MWBE Program.
"With New York’s MWBE program set to expire this year, the Assembly Majority is committed to continuing to support minority- and women-owned business enterprises here in our great state," said Speaker Heastie. "New York has always worked toward leveling the playing field for underrepresented communities. Minority and women entrepreneurs are critical generators of jobs and innovation in our communities, and should be able to access the same opportunities as non-minority owned businesses."
"Expanding opportunities for MWBEs will continue to be a priority in New York State," said Assemblymember Titus. "Socially and economically disadvantaged businesses like many owned and operated by minorities and women have been continuously overlooked. Supporting these businesses means investing in our economy, communities and equal opportunity for all New Yorkers."
"The MWBE program strengthens our economy while ensuring that minority and women owned businesses are given the opportunity to partake in New York’s procurement contracts," said Assemblymember Bichotte. "By increasing the personal net worth threshold to $15 million, implementing a streamlined certification process, and increasing the discretionary spending threshold to $500,000, the participation level of MWBEs will increase substantially with a direct positive economic impact."
Legislation passed today (A.8414, Bichotte) would amend the current New York State MWBE Program to include:
Another bill (A.8407, Bichotte) would help support MWBEs in New York City by making the following updates to the New York City MWBE Program:
Today’s measures will help increase participation, decrease the effects of discrimination, assist in capacity building and bring about changes to the MWBE Program informed by robust disparity studies conducted by the State and City of New York. With these measures in place, New York will continue to enable minority and women business owners to create the jobs and opportunities the state so desperately needs.