Governor Cuomo Announces Statewide Minority and Women-Owned Business Enterprise Utilization Rate Increases to Nearly 29 Percent

Utilization Rate is Highest in the Nation, Approaching Goal of 30 Percent

October 3, 2018

Eighth Annual MWBE Forum Promotes Networking and State Contracting Opportunities

Third Annual Carey Gabay Excellence and Innovation Awards Honor Outstanding MWBE Businesses

Governor Cuomo announced that the utilization rate for Minority and Women-Owned Business Enterprises participating in State contracts increased to 28.62 percent for the 2017-18 Fiscal Year - the highest in the nation - with MWBEs winning more than $2.5 billion in State contracts. The announcement was made in conjunction with New York State's eighth annual MWBE Forum at the Empire State Plaza Convention Center in Albany.  

"New York is building a stronger tomorrow by ensuring that our minority-and women-owned businesses have the opportunity to grow and thrive," Governor Cuomo said. "Our nation-leading utilization rate is a testament to our unparalleled network of MWBEs that continues to grow in size and scope, reflecting the State's rich diversity."

"As a woman who helped start a family women-owned small business, I know firsthand the barriers faced by aspiring entrepreneurs," said Lieutenant Governor Kathy Hochul. "We are leading the nation in our MWBE utilization, increasing the rate to nearly 29 percent. We must do everything in our power to provide opportunities for minority and women-owned businesses, and we're continuing to expand the state's program to help break down barriers and help entrepreneurs take their business to the next level."

Read the full press release here.