Ideas

Michelle Wu
Mayor | Boston, MA

Working to Grow Minority-Owned Businesses in Boston

Idea Category: Equity & Opportunity, Jobs and Entrepreneurship

Problem

A report commissioned by the City of Boston revealed disparities in the city’s procurement spending. The report showed that women-owned businesses and businesses owned by people of color were disproportionately underrepresented and only account for 8.5 percent of total contract 2.5 percent of total contract and procurement spending respectively. Only $9.4 million, representing 0.4 percent of total spending, went to black-owned businesses, whereas $18.2 million, representing 0.8 percent, went to Latino-owned businesses. In addition, Asian-American-owned businesses received $22.7 million, or about 1.1 percent.

Solution

Boston Mayor Michelle Wu recently filed a home rule petition that expands access to city contracts for Women and Minority Owned Business Enterprise (WMBEs). In 2020, only 1.2% of the city’s 2.1 billion contracts went to Black and Latinx owned businesses. The mayor’s groundbreaking proposal would significantly reduce barriers for WMBEs and make it easier and cheaper for them to apply. Once approved by the City Council, the petition will be sent to the Massachusetts Legislature and the Governor as part of a larger project aimed at expanding vital minority businesses and wealth-building opportunities. Check out more details on the proposal, which demonstrates Mayor Wu’s continued commitment to equitable economic development and removing barriers for disadvantaged communities.

More Idea’s From Michelle Wu

Boston Mayor Michelle Wu Ordered the Elimination of Fossil Fuels in City Buildings Under Construction

Idea Category: Climate Change, Jobs and Entrepreneurship | Funding Source: ARP

Delegate Brooke Lierman: New Infrastructure Plans Rolling Out

Idea Category: Infrastructure, Public Safety, Smart Government, Transportation | Funding Source: ARP

ARP: Boston Announced a $7 Million Investment for City Childcare

Idea Category: Child Care, Education | Funding Source: ARP

Higher Education Partnership to help Black and Latinx students 

Idea Category: Education, Equity & Opportunity | Funding Source: ARP

ARP: Boston MA, Preparing Workers for the Jobs of Tomorrow

Idea Category: Climate Change, Equity & Opportunity, Jobs and Entrepreneurship | Funding Source: ARP