Crain’s New York Business Magazine reports on the research that GazelleIndex (Euquant) staff conducted for the construction industry in New York City.
Minority hiring goals out of reach, construction industry finds:
Contractors say city’s quotas exceed supply of firms to meet them
The de Blasio administration has ambitious goals for minority- and women- owned businesses, but in the construction industry, few such firms have the capacity to meet them, an industry group’s study has found.
The Building Trades Employers’ Association, which represents large contractors and estimates that 10% or 12% are owned by minorities or women, commissioned a study examining the ability of city construction firms certified as minority- and women-owned business enterprises to do work available to them.
The study found a scarcity of capable MWBE firms in a number of trades…..
The full article can be found here.
Last modified: August 8, 2017