Equal Enterprise Alternative Program FY 22 Report Launched – Nashville.gov - NEWS TODAY

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Tuesday, September 20, 2022

Equal Enterprise Alternative Program FY 22 Report Launched – Nashville.gov

The Equal Business Opportunity Program Reportparticulars efficacy of the race and gender particular equal enterprise alternative program. Highlights from July 1, 2021 to June 30, 2022 embrace:

  • $192 million in proposed spending with black and brown owned companies; it is a $67 million or 54% enhance over fiscal 12 months 2021.
  • $323 million in proposed spending with ladies owned companies; it is a $224 million or 226% enhance over fiscal 12 months 2021.
  • 12% common proposed subcontract participation for ladies owned companies; that is 3% above market availability.
  • 7% common proposed subcontract participation for black and brown owned companies; that is 1% beneath market availability.
  • 100% of contracts accomplished in FY 22 met or exceeded their proposed subcontractor participation objective for black and brown owned companies.
  • 75% of contracts accomplished in FY 22 met or exceeded their proposed subcontractor participation objective for ladies owned companies.

As required by regulation, Metro is at the moment engaged in a disparity research to replace availability information and assess program objectives. The outcomes are due in mid-2023. You possibly can be taught extra at NashvilleDisparityStudy.com.

Questions concerning the report could also be directed to [email protected].



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