FY 2016 SBEDA Annual Report Released
The Small Business Economic Development Advocacy (SBEDA) annual report for FY 2016 summarizes the distribution of dollars paid on contracts from October 1, 2015 to September 30, 2016. It also highlights specific small business success stories and provides an update on the status of capacity building programs implemented as a result of the SBEDA Ordinance.
A few notable results included in the report are:
- $208 million (45% of approximately $465 million) was paid to small, minority, and/or women-owned businesses. These figures represent a 2% increase from FY 2015. From a dollar standpoint, payments to small, minority, and/or women-owned businesses increased by $40 million from FY 2015.
- $152 million was paid to minority or women-owned businesses;
- $118 million was paid specifically to businesses owned by ethnic minorities; and
- $34 million was paid to women-owned businesses.
- Each industry demonstrated an increase in the percentage of dollars paid to small, minority, and/or women-owned businesses from FY 2015 to FY 2016, except for the construction industry which remained at 45%.
- Architecture & engineering contracts accounted for the highest participation percentage with $12 million (75% of $16 million) being paid to small, minority, and/or women-owned businesses.
The document is also available on the City’s website: http://www.sanantonio.gov/SBO/GrowSmallBusiness/SmallBusinessAnnualReport.aspx
Please contact us at 207-8080 if you have any questions concerning the SBEDA annual report.