Restler details disparities for Black, Latino, and women-owned MWBE firms
Restler says average non-MWBE contracts were $3.6 million versus under $750,000 for MWBEs, and construction MWBEs received just over 10% of citywide contract value. He flags that Black-owned firms got 7% of MWBE contracts and Latino-owned firms 7.9%, with Black women and Latinas each around 1.2%.
The average contract registered to a non-certified firm, a non-MWBE, was $3.6 million.
But the average MWB contract was under $750,000, less than 25%.
This is particularly notable in our construction contracts.
MWBEs received just over 10% of the citywide contract value.
There is also a deeply troubling, deeply troubling disparity within M.
MWBE contracts.
For all of the MWBE contracts awarded last year, black-owned firms account for just 7% of MWBE contracts, and Latino-owned firms account for 7.9%.
The city's black and Latino population are 22 and 29%, respectively, a majority of New York City.
The disparities are even worse when we account for gender.
Male-owned firms account for over eight times as many contracts.
Male-owned MWBE firms account for over eight times as many contracts as female-owned firms.
Firms owned by black women account for just 1.17% of MWBE contracts awarded.
And firms owned by Latinas account for 1.22%.
This data is just unacceptable, and I am keen to understand what efforts are underway in the new administration to open up more opportunities for black and Latino-owned businesses, especially businesses owned by black women and Latinas.