Mayor Announces Three New Mentorship Programs for M/WBEs

Three new mentorship programs are available for minority owned and women-owned small business in NYC. On January 7, 2021, Mayor Bill de Blasio and NYC Department of Small Business Services (SBS) Commissioner Jonnel Dorris announced three new mentorship programs, ‘Small Business Mentors NYC,’ ‘Black Entrepreneurs NYC Mentors (BE NYC Mentors),’ and ‘Minority and Women Owned Business Enterprises (M/WBE Mentors).’

New York City Acquisition Fund to Have Exclusive Focus on M/WBEs and Nonprofits

The fund currently has $210 million in lendable proceeds. On January 21, 2021, Mayor Bill de Blasio, along with the Taskforce on Racial Inclusion & Equity, the Department of Housing Preservation and Development, the Housing Development Corporation, Enterprise Community Partners, Local Initiatives Support Corporation, and a coalition of public, private and philanthropic partners announced that the New York City Acquisition Fund (NYCAF) will exclusively serve Minority and Women-Owned Businesses (M/WBEs) and nonprofits to support affordable <Read More>

Comptroller M/WBE Report Shows City Needs to Make More Progress in Distributing Contracts

On February 14, 2024, New York City Comptroller Brad Lander released the Annual Report on M/WBE Procurement which found that the City fell short of ensuring equitable distribution of contracts with Minority and Women-Owned Business Enterprises (M/WBEs). The report takes into consideration a review of contract registration data from the City and analyzes M/WBE contracts based on procurement method, dollar value, and industry. The report examines city agencies’ use of the M/WBE Noncompetitive Small Purchase … <Read More>

City Seeks Proposals for Climate Resilient Affordable Housing Project

The South Bronx development will include approximately 80 new affordable homes and a building designed to withstand climate change. On August 18, 2022, the Department of Housing Preservation and Development (HPD) began accepting proposals to build an 100 percent affordable, climate resilient housing project in Mott Haven, Bronx. Located on an undeveloped stretch of 351 Powers Avenue, the finished project will include approximately 80 new affordable homes.