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AGENCY TESTIMONY
Division of Economic and Financial Opportunity support for MWBEs
0:10:40
ยท
51 sec
The Division of Economic and Financial Opportunity provides comprehensive support to minority and women-owned business enterprises (MWBEs) to facilitate their growth and access to government contracts.
- Services include certification support, technical assistance, and legal services
- In FY 2024, the city awarded $6.4 billion in contracts to certified firms
- Nearly 75% of these businesses had previously used SBS services to navigate the procurement process
Dynishal Gross
0:10:40
SBS's division of economic and financial opportunity supports the growth of small businesses by providing certification support, technical assistance, legal services, and connections to city agencies for minority and women owned business enterprises, local business enterprises, and emerging business enterprises.
0:11:03
The impact of our programming is clear.
0:11:06
In fiscal year twenty twenty four alone, the city awarded $6,400,000,000 in contracts to certified firms and nearly three quarters of these businesses had previously used SBS services to successfully navigate the procurement process.
0:11:23
We continue working to open doors to growth through government contracting by hosting impactful events across the city.