Grow M/W/DBE Business Capacity
To foster a more competitive vendor market, NYCEDC works to eliminate two challenges often faced by M/W/DBE firms: Limited access to networks and information, and a lack of access to capital at affordable rates.
Increase Project Opportunities
NYCEDC manages a broad range of projects, and procure the consultants and contractors for these projects through public bidding and proposal processes. The winners of the bidding process are charged with bringing the necessary businesses on board to complete the project.
Contract Financing Loan Fund
If your business is working on, or hoping to work on, a project with a City agency or City-funded entity as a prime or subcontractor, you may be eligible for a Contract Financing Loan. Loan repayment terms are aligned with the project payment schedule.
M/W/DBE Goals for NYCEDC Projects
We set M/W/DBE goals on projects with ample opportunity for subcontracting. Whether you are bidding on a project, responding to an RFP, or looking to buy City-owned land, there are different requirements for M/WBE planning and engagement. Review the M/W/DBE process requirements here.
Network to Get Work Resources
Decisions about which M/W/DBE firms to hire to satisfy the goals set by NYCEDC on a particular project are made by the prime contractor or construction manager. As an M/W/DBE subcontractor, it is important to conduct outreach to bidders and recently awarded contractors to let them know of your interest in the project. View all the opportunities to connect with prime contractors and construction managers on our projects.
Get M/W/DBE certified by the following:
- NYC Small Business Services
- New York State Contract System
- New York State Unified Certification Program
NYCEDC recognizes various certifications, depending on project funding. Learn about the certifications recognized by NYCEDC below:
Blueprint to Success
NYCEDC invests time and resources into promising M/W/DBE ventures looking to reach the next level of growth. Through B2S, selected M/W/DBE construction firms were given significant technical assistance that was highly customized to their business needs.
The Money Matters Workshop
M/W/DBE-certified construction contractors learned how to better manage their business finances with intensive, individual counseling workshop series sponsored by NYCEDC, BOC Capital, and Columbia University.