June 28, 2016 – The City’s Office of Economic Opportunity released the Annual Disparity Study for Fiscal Year 2015 (FY15). This Study analyzes the availability and utilization of Minority, Women, and Disabled Owned Enterprises (M/W/DSBEs) on City contracts, ranks contractors based on payments made to M/W/DSBEs engaged on projects with Economic Opportunity Plans (EOPs), and recommends workforce diversity goals on construction projects.
The Study determined that 30.6% of this spending went to M/W/DSBEs, up from 29.4% in FY14.
In addition to an overall increase of 1.2 percent in City and Quasi-Public contracts awarded to M/W/DSBEs, there was an increase in dollars awarded to M/W/DSBEs based in the City. In FY14, 13.6% of contracts were awarded to City-based firms, increasing to 13.8% in FY15.
The study also identified a positive trend in the value of contracts with M/W/DSBEs serving in the primary, lead position, 11.1% in FY15 up from 9.5% in FY14. Another notable trend, the average contract size for M/W/DSBEs primes rose from $170,000 to $210,000, a 4 percent increase compared with a 2 percent increase for non-minorities.
“The vast majority of the findings from the FY15 Disparity Study point to positive indicators in the M/W/DSBE community,” said Harold T. Epps, Commerce Director. “Although the progress is incremental, and we’d certainly like to see it go faster, we are pleased to see that we are headed in the right direction.”