Governor Cuomo Announces Statewide Minority and Women-Owned Business Enterprise Utilization Rate Climbs to 29.51 Percent

December 2, 2020

New York Pushes Toward Goal of Utilizing MWBEs for 30 Percent of State Contracting 

More than $3 Billion in State Contracts was Awarded to MWBEs in Fiscal Year 2019-2020, and Over $19 Billion Since 2011 

Governor Andrew M. Cuomo today announced the utilization rate for New York State's Minority- and Women-Owned Business Enterprises on state contracts increased to 29.51 percent during the 2019-20 Fiscal Year - representing $3.14 billion in contracts - once again achieving the highest rate in the nation. The announcement was made in conjunction with New York State's 10th Annual MWBE Forum, held virtually this year due to COVID-19. The Forum brings together business owners, community leaders, state officials and contractors' representatives to discuss state contracting opportunities and resources available to MWBEs. 

"New York's greatest strength is our diversity and we are committed to breaking down any barriers which have not only prevented us from reaching our full potential, but those that have allowed an uneven playing field to exist in the first place," Governor Cuomo said. "New York's nation-leading MWBE program shows just how impactful embracing our diversity can be, and if we are to recover from the economic hardships COVID-19 has placed at our doorstep, we must continue to make these types of strides which ensure everyone has an equal chance of helping New York build back better than ever." 

"We are committed to providing critical resources for business owners and entrepreneurs to connect with each other, share best practices, and make sure they have the tools they need," Lieutenant Governor Kathy Hochul said. "As we continue to face challenges with the COVID-19 pandemic, we are committed to building back better and building businesses better to create opportunities, jobs and strengthen our economy. New York continues to be a leader in economic empowerment and contracting opportunities for MWBEs, with our MWBE utilization rate increasing closer to our nation-leading goal of 30 percent and awarding more contracts to support MWBEs and businesses across the state."

Read the full press release here.