Press Release Article


PA CONTRACTS WITH MINORITY, WOMEN-OWNED, AND SMALL BUSINESSES IN 2016 TOTALED A RECORD $491 MILLION

Date: Jun 15, 2017
Press Release Number: 112-2017

The Port Authority’s contracts with minority, women-owned and small business enterprises (MWSBEs) totaled roughly $491 million in 2016, a new record.

Over the course of the last five years, approximately $1.8 billion dollars have been awarded to MWSBEs.

“The Port Authority continues to be a leader through our comprehensive and effective support of the growth and success of minority, women-owned and small businesses throughout the New York-New Jersey region,” Chairman John Degnan said.

“When the Port Authority does business with MWSBEs, the entire Port District benefits through the creation of jobs and increased economic activity,” said Executive Director Pat Foye. “This is a strong, enduring and highly productive partnership.”

The $491 million includes $291 million in Port Authority MWSBE spending and $200 million in MWSBE spending by the private consortium modernizing LaGuardia Airport.

Port Authority prime and sub-contracts, totaling $170 million, represented the largest portion of the agency’s business with MWSBEs. Of the rest, $44 million derives from World Trade Center construction projects and $77 million represents aviation tenants.

The $291 million total in Port Authority MWSBE spending generated an estimated 2,490 jobs, $187 million in wages and $498 million in economic activity throughout the New York-New Jersey region.

The Port Authority also continues to build the pipeline of MWSBEs eligible for contracts with the agency through its Mentor-Protégé Program, which matches MWSBEs with industry leaders who serve as mentors. A total of 70 firms have participated in the program since its inception in 2002. In 2016, three protégés won four Port Authority prime contracts totaling approximately $3.8 million. Nine additional protégés were awarded 12 subcontracts totaling $4.4 million.

Through the Port Authority’s contract with the Regional Alliance for Small Contractors, the agency also developed and offered 19 construction management, OSHA safety, technical and business software courses. Approximately 381 MWSBE owners or their staff participated in the courses.

Contact:
The Port Authority of New York and New Jersey
212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.


Web Site Disclaimer
© 2001-CurrentYear The Port Authority of New York and New Jersey. All Rights Reserved.

The Port Authority of New York and New Jersey
(212) 435-7000  •  4 World Trade Center, 150 Greenwich Street, New York, NY 10007