Strong support for New York State’s Diverse businesses and the communities they support:
“With New York’s MWBE program set to expire this year, the New York State 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."