Mayor Bowser Announces Record $1.1 Billion Small Business Enterprise Spending in FY21

Washington, DC – Immediately, Mayor Muriel Bowser introduced that in Fiscal 12 months 2021, the District spent a record-breaking $1.1 billion with Small Enterprise Enterprises (SBEs). In December, when the Mayor launched the FY22 Small Enterprise Enterprise Alternative Information, also called the Inexperienced E book, the Bowser Administration introduced that preliminary spending for FY21 was over a billion {dollars}, surpassing the District’s objective of $917 million.

“The billion-dollar objective, as soon as the ceiling, has now turn into the ground,” mentioned Mayor Bowser. “Our work to advance fairness and create generational wealth is tied to holding {dollars} and alternative in DC. Now, as we proceed by FY22, we’re encouraging native companies to ensure they know concerning the Inexperienced E book and the alternatives that exist in DC.”

In 2015, Mayor Bowser launched the FY16 Small Enterprise Alternative Information with an preliminary SBE spend objective of $317 million. SBE is a certification class that’s a part of the DC Authorities’s Licensed Enterprise Enterprise (CBE) program that provides licensed companies a desire when bidding on District Authorities contracts. The Inexperienced E book helps SBEs navigate the procurement alternatives obtainable at District companies. In FY20, this invaluable useful resource was expanded to a web-based platform, greenbookdc.com.

“Although it has been a particularly difficult few years, the Mayor’s dedication to our small companies and the creation of truthful shot alternatives have helped scale back obstacles that forestall small and native companies and entrepreneurs from benefitting authorities contracts and procurements,” mentioned Deputy Mayor for Planning and Financial Growth John Falcicchio. “And the FY22 funds doubles down on that by holding DC a metropolis the place folks need to reside, work, go to, and open companies.”

By FY21, the Administration set the preliminary spend objective to $917.1 million. For FY22, Mayor Bowser introduced that the preliminary SBE spend objective is $1.1 billion. This formidable, attainable spending objective outcomes from an improved goal-setting course of adopted by the Division of Small and Native Enterprise Growth (DSLBD) following a top-to-bottom, data-driven evaluation of previous practices and company budgets.

“The range and resiliency of our SBEs are certainly one of DC’s biggest strengths. Our objective this 12 months, and yearly, is to guarantee that our small, native companies proceed to succeed,” mentioned Kristi Whitfield, Director of the Division of Small and Native Enterprise Growth. “Contracts and procurement alternatives could be a sport changer for the monetary well being of any enterprise.”

The District will proceed to offer the sources that SBEs have to maintain and broaden to their biggest potential. To be taught extra concerning the District’s upcoming FY23 Inexperienced E book and spending objectives, go to CBEconnect.dc.gov.

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