Equal Business Opportunity Program Fiscal Year 2024 Report Released October 4, 2024

The Equal Business Opportunity Program Report details efficacy of the race and gender specific equal business opportunity program. Highlights from July 1, 2023 to June 30, 2024 include: $85 million in proposed spending with black and brown owned firms; a $13 million or 18% increase over Fiscal Year 23. $98 million in proposed spending with women owned firms; a $59 million or 151% increase over Fiscal Year 23 $44.8 million paid to MBE and WBE subcontractors; a $6.6 million or 17% increase over Fiscal Year 23. 9% average proposed subcontract participation for black and brown owned firms. 7% average proposed subcontract participation for women owned firms. 62% of contracts completed in FY 24 met or exceeded MBE market availability. 87% of contracts completed in FY 23 met or exceeded WBE market availability.Questions about the report may be directed to BAO@nashville.gov. The post Equal Business Opportunity Program Fiscal Year 2024 Report Released October 4, 2024 appeared first on The Tennessee Tribune.