In a city as dynamic as ours, it’s undeniable that small businesses are the backbone of a successful economy. Small businesses employ nearly 50 percent of the private sector workforce, according to the U.S. Small Business Administration. These businesses also tend to hire and reinvest locally, spurring economic growth in communities across the five boroughs.
However, within the small business community, minority and women business owners have faced unique, institutional challenges that have kept them from reaching their full economic potential. These challenges include barriers to capital and other resources that help other businesses thrive. Under the leadership of Mayor Bill de Blasio, we have seen a newfound focus on this issue and a commitment to increase opportunities for minority and women-owned business enterprises (M/WBEs) that seek to do business with New York City.
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From left to right: Arif Zaman, Joycelyn Taylor, Elizabeth Vazquez, Margo Thomas, Sherri Aldis, Pamela Coke Hamilton
NEW YORK CITY'S MINORITY AND WOMEN BUSINESS OWNERS NEED THE STATE’S HELP
Op-Ed by NYC MWBE Alliance Chairperson Joycelyn Taylor
Empowering Women Through Procurement: Moving Beyond the 1%
Mayor Bill de Blasio signs a bill increasing accountability and access for the city’s M/WBEs. (Ed Reed/Mayoral Photography Office)
NYC MWBE Alliance Chairperson Joycelyn Taylor participates in a panel discussion at the UN about empowering women business owners.
On 24 March 2017, UN Development Business (UNDB), in association with the Commonwealth Businesswomen’s Network (CBW), hosted its third annual panel discussion on procurement and women’s economic empowerment. The event highlighted the opportunities ahead for a more inclusive public procurement market, where women-owned businesses currently win an estimated 1 percent of contracts globally. Representatives from governments, companies, the United Nations and other institutions participated in the discussion in New York, during the 61st session of the Commission on the Status of Women (CSW61) at the United Nations.
See video of the discussion on UNDB’s Facebook Page.
UNDB’s commitment to work with partners in extending opportunities to women entrepreneurs globally was affirmed in the opening remarks by Sherri Aldis, Chief of Sales and Marketing in the Department of Public Information...(read more)