What if? Network for Diversity and Inclusion
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PDC Increases Spending on M/W/ESBs by 82 percent
As part of the annual Diversity in Contracting Report, the Portland Development Commission (PDC) announced today that spending on minority-owned, women-owned and emerging small business (M/W/ESB) firms increased by 82 percent over the previous year. The investment rose from $14.08 million in Fiscal Year 2005-06 to $25.6 million in FY 2006-07 -- an $11.5 million, or 82 percent, increase. The FY 06-07 results equaled 29.6 percent of PDC's investment in construction projects as compared to PDC's goal of 20 percent utilization of M/W/ESB contractors. On professional services contracts, PDC achieved 24.6 percent M/W/ESB utilization, also exceeding the goal.
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