OEO Events

What's New

• Office of Economic Opportunity Releases Disparity Study; Increases participation goal to 35%

  Office of Economic Opportunity Releases Disparity Study; Increases participation goal to 35%

  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.”
  

  • Read the SUMMARY CHARTS
  • Read the FULL REPORT
  • Fiscal Year 2009-2015 EOP Analysis
  • Fiscal Year 2015 EOP Employment Composition Analysis
• OEO Releases FY15 Annual Participation and EOP Reports

  OEO Releases FY15 Annual Participation and EOP Reports

  The Office of Economic Opportunity was established in 2008 and in 2010 we launched Inclusion Works – a strategic plan for economic inclusion – which has resulted in over $2 billion in contracts being awarded to M/ W/DSBEs during my tenure. In Fiscal Year 2015 alone, $302.8 million was awarded to these businesses, breaking a fiscal record for the City of Philadelphia. OEO released its full report early this year. 
  
  READ THE OEO ANNUAL REPORT
  
  READ THE EOP REPORT
• City of Philadelphia Releases FY2014 Annual Disparity Study, Comes Closer to 30% Goal Set Last Year

  City of Philadelphia Releases FY2014 Annual Disparity Study, Comes Closer to 30% Goal Set Last Year

  Mayor Michael A. Nutter announced the release of the Fiscal Year (FY) 2014 Annual Disparity Study that analyzes the utilization of Minority, Women and Disabled Owned Business Enterprises (M/W/DBEs) on City contracts and the availability of these businesses across the region. The study, conducted by Econsult Solutions, Inc. and Milligan & Company, LLC., found that in FY 2014 the City awarded $267 million to M/W/DSBEs representing 29% of the contracts for which the Office of Economic Opportunity (OEO) reported having M/W/DSBEs available to service the City. This is an increase of $23 million dollars and one percentage point over FY 2013 totals, when the City increased its M/W/DSBE participation goal from 25% to 30%.
  
  READ THE REPORT
  
  
• Mayor Nutter Celebrates 35 Years of Economic Opportunity, Releases 2014 Annual Report

  Mayor Nutter Celebrates 35 Years of Economic Opportunity, Releases 2014 Annual Report

  The Fiscal Year 2014 Annual Report details 29.4% minority participation rate, Mayor Nutter increases goal from 25% to 30%
  
  Philadelphia, March 20, 2015: Mayor Michael A. Nutter announced the release of the Office of Economic Opportunity (OEO) Fiscal Year 2014 Annual Participation Report which represents an in-depth analysis of for-profit contracts awarded by the City of Philadelphia to Minority, Women and Disabled Owned Business Enterprises (M/W/DSBEs) and a review of the impact of Economic Opportunity Plans on public, private and non-profit construction projects. In Fiscal Year 2014 the City and Quasi-Public Agencies awarded M/W/DSBEs $266.5 million in contracts which represent 29.4% participation and an increase over the $243 million awarded for the previous fiscal year. Mayor Nutter announced the first increase of the minority participation goal in more than 30 years, increasing the goal from 25% to 30% of City contracts.
  
  Read the FY 2014 Annual Report HERE
  
  Read A Summary of Economic Opportunity Plans HERE
  
  Watch a video of the Press Conference.
• Philadelphia Minority Enterprise Development (MED) Week Oct 1 - Oct 8

  Philadelphia Minority Enterprise Development (MED) Week Oct 1 - Oct 8

  On October 1, Philadelphia business and community leaders will kick off the 31st Philadelphia Minority Enterprise Development (MED) Week, which celebrates minority enterprises in the region and efforts to help minority businesses grow. For one week, business leaders from across the region will host various workshops focused around this year’s theme, PHL Center Stage: Building a Legacy of Opportunity. MED Week is chaired by the African-American Chamber of Commerce of PA, NJ & DE, The Asian American Chamber of Commerce of Greater Philadelphia, The City of Philadelphia Commerce Department, The Greater Philadelphia Hispanic Chamber of Commerce and The Minority Business Development Agency, and concludes Thursday, October 8.
  
  Get the EVENTS LIST and REGISTRATION 
  
  UPDATE: New events added! SEE the ADDITIONS