Governor Hochul Announces Minority and Women-Owned Business Enterprise Utilization Rate Leads the Nation at 30.51 Percent

December 15, 2021

New York State Surpasses 30 Percent Goal for Utilizing MWBEs in State Contracting

More than $3 Billion in State Contracts Awarded to MWBEs for Fiscal Year 2020-2021

The Full Report Can Be Found Here

Governor Kathy Hochul today announced that New York State has surpassed its official utilization rate goal for New York State’s Minority-and Women-Owned Business Enterprises (MWBEs) on state contracts with 30.51% - the highest in the country - for the 2020-2021 fiscal year. Additionally, more than $3 billion in state contracts were awarded to MWBE firms during the same time period, with more than $21 billion in state contracts awarded since 2011. This achievement was announced in conjunction with New York State's Eleventh Annual Minority and Women-Owned Business Enterprise Forum, which runs through December 16. The Forum is the premier opportunity for MWBEs from across industries to forge new professional connections, learn about State contracting updates, and become more competitive in an ever-changing market.

“New York State sets ambitious goals – and my job is to deliver on them,” Governor Hochul said. “Our diversity is our greatest strength, and a top priority for my administration is making sure that economic opportunity in our state is equitable and reflects that diversity. MWBEs are the economic backbone of our communities, and the 30 percent milestone we have surpassed and will continue to exceed is a testament to my firm belief in that fact.”

As we build back better from the COVID-19 pandemic, we must build back inclusively and I’m proud of the aggressive measures New York State has taken to ensure everyone is empowered to participate in our growing economy,” Lieutenant Governor Benjamin said. “Governor Hochul has worked tirelessly to break down systemic barriers to MWBE’s participation in state contracting, and by surpassing our 30 percent utilization goal – the highest in the nation – we are ushering in a new era of equal opportunity for MWBEs to succeed.”

The theme for this year’s forum is “Innovating Forward” and offers in-person events and full-scale online sessions that bring together MWBEs, state agencies and authorities, prime contractors, and other strategic partners. Programs include panels and working sessions, plus live and virtual networking meetups. Scheduled programs address a wide range of topics, from discussions on investing and growing a business by accessing capital and leveraging technology, to emerging opportunities for MWBEs in the state's growing cannabis industry. The Forum focuses on lifting, strengthening, and celebrating MWBEs with the goal of ushering in a new era of connectivity between State agencies, private sector partners and MWBEs.

Read the full press release here.