Thursday, July 13, 2017

New York City creates $10 million fund to help women- and minority-owned firms win construction contracts

New York City recently created a $10 million fund to assist women- and minority-owned businesses win construction contracts.

The money can pay up to $500,000 of surety bonds per contract. City contractors are required to post the bonds to guarantee they will satisfactorily perform work and pay their bills.

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