Approximately 1% of city contracts go to Women & Minority Business Enterprises (WMBE’s) despite minorities making up approximately 60% of the city population and women making up more than 50%.
WMBEs face numerous roadblocks when seeking loans, applying for WMBE certification, and bidding on contracts. My three-point plan highlights the importance of having strong relationships with WMBEs and removing the unfair blockages to their entry into the market. With unemployment rates higher than 20% in some of our neighborhoods, we must do a better job of creating equity in business opportunity. I believe that while the City’s 10% goal should be a baseline, WMBE participation should realistically be 20%, 30%, 40%, or more to reflect true equity. From the corner office to the corner store, I will level the playing field to give every business person and worker the opportunity to prosper.