Posted inPolicy & Government

Hochul Signs Bill to Increase M/WBE Non-Compete Threshold to $1M

on October 6, Governor Kathy Hochul signed legislation (A.10459/S.9351), allowing New York City to award contracts of up to $1 million to minority and women-owned business enterprises (M/WBEs) without a formal competitive process. This increase in the applicable dollar threshold, from $500,000 to $1 million, will mean M/WBEs will be able to compete more effectively […]