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QUESTION
Council Member Won Inquires About ROI on Outreach Events and MWBE Utilization Rates
1:30:44
ยท
144 sec
Council Member Won questions department representatives on the effectiveness of outreach events for Minority and Women-owned Business Enterprises (MWBEs). One speaker from the Department of Transportation highlights a notable increase in MWBE utilization rates, citing a recent rise to 24% and aiming for 30% in the coming fiscal year. This chapter also delves into how the Department of Design and Construction (DDC) and other departments track the impact of outreach on contracts awarded to first-time and existing vendors with New York City.
Speaker 2
1:30:44
I have a follow-up question.
1:30:45
The outreach events are great.
1:30:47
What is what are the metrics or return for investments for these events and how are you tracking it?
1:30:52
And what percentage of the attendees are new first time vendors for New York City within the MWA's and how many people attend per outreach?
Speaker 13
1:31:01
I can take it.
1:31:02
First of all, Tier 1, congratulations.
1:31:04
And we hope that we have a Queen cyclist very soon, so congratulations.
1:31:11
So we track we've seen a a dramatic progress in our MWD utilization rate.
1:31:16
Since this administration and commissioner Rodriguez took over, just to give you a sense, in fiscal 22, we had a 11% MWD utilization rate.
1:31:26
In fiscal 23, we had a 24% MWD utilization rate, and we are now on track in fiscal 24 to meet the 30% MWD utilization rate.
1:31:38
We're doing a lot of things.
1:31:39
I think one of the things that we haven't really talked about is the waivers that we sometimes get in our contract.
1:31:45
So What happens is we put out a bit let me give an example of the milling contract, which is a core function of DOT.
1:31:51
We get the bids that come with waivers to say, a, actually, I can't meet the m the 30% MWD goal.
1:31:58
Well, we've denied those waivers.
1:31:59
We're not even taking a look at them, and we are requiring those 30% MWD goal.
1:32:05
So that has bumped our numbers significantly, and we hope to continue doing that.
Speaker 2
1:32:10
Could DDC also answer this question about your outreach events, your return on investment, and how you're tracking metrics, how many of the people who attend our brand do within MWE's second time or existing lenders?
Speaker 4
1:32:25
Those are those are definitely metrics that we've caught we've been tracking for the past, I believe, since 2015.
1:32:32
And you know, I don't have the the percentages with me today, but of the 94100 unique vendors that we've reached out to, we can I can tell you I can follow-up with you and tell you exactly the number who have been able to get contracts with us?
1:32:52
We can follow up with you with that information.
Speaker 1
1:32:58
Thank you.
1:33:03
Could you further excuse me.
1:33:05
Yeah.
1:33:06
This kitchen location.