Letter grades for achieving agency participation goals regarding minority and women-owned business enterprises.

A Local Law to amend the administrative code of the city of New York, in relation to letter grades for achieving agency participation goals regarding minority and women-owned business enterprises

This bill would require the Department of Small Business Services (SBS) to establish a letter-grading system for each city agency’s level of achievement of its participation goals for minority and women-owned business enterprises (M/WBEs). Letter grades would be issued and updated annually and would be based on each city agency’s level of achievement of the participation goals established in each such agency’s utilization plan, and an evaluation by SBS of each such agency’s overall engagement with M/WBEs during the preceding year.