Bill > A01975

This bill aims to increase participation by certified minority and women-owned business enterprises (MWBEs) in state contracts and subcontracts. Key provisions include: - Requiring state agencies to report quarterly on MWBE participation in state contracts, including the number of contracts awarded to MWBEs, maximum dollar amounts obligated, and total expenditures. - Streamlining the MWBE certification process and requiring agencies to maintain a directory of certified MWBEs. - Strengthening requirements for contractors to submit MWBE utilization plans and meet MWBE participation goals, with agencies having the ability to recommend sanctions for noncompliance. - Establishing a mentor-protégé program to encourage joint ventures and partnerships between prime contractors and MWBEs. - Adjusting thresholds for when performance and payment bonds can be waived for state contracts and state-assisted projects. - Imposing penalties, including fines and potential contract ineligibility, for violations such as fraudulent MWBE participation or failure to comply with MWBE requirements. The bill aims to facilitate greater inclusion of MWBEs in state contracting to promote economic opportunities for minority and women-owned businesses.