A new study published by the City of San Antonio reports that the city spent more money with small, minority, and women-owned businesses (S/M/WBEs) in 2016 than it did in any previous year.
In 2016, the city awarded a total of $464 million in contracts - 45 percent of which went to S/M/WBEs. Hispanic-American-owned business enterprises received the largest share of total contracting dollars, receiving 22 percent of the dollar figure. Next came SBEs at 12 percent and WBEs at 7 percent.
Asian-American-owned businesses, African-American-owned businesses, and Native-American-owned businesses received smaller shares of the total, at 2 percent, 1 percent, and less than 1 percent respectively.
Overall, S/M/WBEs achieved their greatest representation in the fields of architecture and engineering. While those fields represent a small amount of the total 2016 contracting dollars (at about $16 million worth of contracts), 75 percent of the dollar amount of those contracts went to S/M/WBEs.
Participation levels for S/M/WBEs in other services - which can include contracts related to janitorial, landscaping, and information technology services – stood at 59 percent, followed by construction at 45 percent.
The dollar amount of contracts received by all S/M/WBEs was split almost equally between prime contracts and subcontracts, with prime contracts having a slight edge.
Read the city's full report at http://www.sanantonio.gov/SBO/Grow-Small-Business/Small-Business-Annual-Report
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