City of Nashville, TN
10/04/2024 | Press release | Distributed by Public on 10/04/2024 09:28
Equal Business Opportunity Program Fiscal Year 2024 Report Released
The Equal Business Opportunity Program Report details efficacy of the race and gender specific equal business opportunity program. Highlights from July 1, 2023 to June 30, 2024 include:
- $85 million in proposed spending with black and brown owned firms; a $13 million or 18% increase over Fiscal Year 23.
- $98 million in proposed spending with women owned firms; a $59 million or 151% increase over Fiscal Year 23.
- $44.8 million paid to MBE and WBE subcontractors; a $6.6 million or 17% increase over Fiscal Year 23.
- 9% average proposed subcontract participation for black and brown owned firms.
- 7% average proposed subcontract participation for women owned firms.
- 62% of contracts completed in FY 24 met or exceeded MBE market availability.
- 87% of contracts completed in FY 23 met or exceeded WBE market availability.
Questions about the report may be directed to [email protected].
City of Nashville, TN published this content on October 04, 2024, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 04, 2024 at 15:28 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]