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Philadelphia increases minority, women business participation goals after study

The City of Philadelphia recently completed its Annual Disparity Study, which analyzes the utilization and competitiveness of minority, women and disabled business enterprises (M/W/DBES) in city contracts and following a detailed analysis, decided to increase its participation goal for M/W/DBES.

The percentage required for the participation goal increases from 25 percent to 30 percent.

The study found that in Fiscal Year 2013, the city had awarded $237 million to M/W/DBEs which represents a 28 percent of the total value of the contracts.

This utilization of M/W/DBEs represents an increase of 17 percent over the previous year, highlighting the success of Philadelphia in providing additional opportunities for M/W/DBEs, which the City hopes to further build upon with its participation goal increase.