CORPORATE FEATURE


THE FUTURE OF SUPPLIER DIVERSITY AT NYPA

The New York Power Authority (NYPA) and the New York State Canal Corporation recently reached the milestone of awarding $1 billion in contracts to Minority and Women-Owned Business Enterprises (MWBEs) and Service-Disabled Veteran-Owned Businesses (SDVOBs) since the inception of its supplier diversity program in 1983. Building upon this success, NYPA is now expanding its commitment to supplier diversity.

Starting with its December 2020 investment of $25 million over the next five years in diversity, equity and inclusion initiatives, NYPA also pledged to increase its contract spending with diverse businesses over the next five years from $80 million annually to $160 million as par....