Press Release Article


Date: Apr 23, 2002
Press Release Number: 48-2002

The Port Authority of New York and New Jersey increased contract awards to minority-owned, women-owned and small businesses by more than 17 percent from 2000 to 2001.

Contracts awarded to minority/women-owned and small businesses in 2001 totaled nearly $284 million, a new record level. The total awarded in 2001 is up sharply from the 2000 total of about $242 million. The overall 2001 total also represents a 50 percent increase from the $189 million awarded in 1999. Subcontract awards are nearly 90 percent higher during the same two-year period, reaching more than $88 million in 2001. Awards were up in nearly every category, including subcontracts, architectural and engineering, and goods and services.

New York Governor George E. Pataki said, \"I am pleased that the Port Authority has emphasized a fundamental goal of my administration - stimulating economic development by providing good jobs for all citizens.\"

New Jersey Governor James E. McGreevey said, \"The Port Authority is focusing aggressively on economic development and investment to expand job development and provide substantial private sector growth for the region. The Port Authority has set a benchmark of success through its track record of job creation.\"

Port Authority Chairman Jack G. Sinagra said, \"This significant increase in contracts awarded by the Port Authority to minority-owned, women-owned and small businesses has had a positive impact where it truly counts, by creating 4,070 jobs paying $162 million in wages and resulting in $430 million in economic activity throughout the region. Meanwhile, aviation tenant spending led to an additional 3,050 jobs, $123 million in wages, and $330 million in economic activity.\"

Port Authority Vice Chairman Charles A. Gargano said, \"The Port Authority\'s focus on this important issue has not wavered for more than a quarter of a century. This agency has demonstrated a long-standing commitment to minority-owned, women-owned and small businesses, and the success of our initiatives is clearly demonstrated by the positive results we see today.\"

Port Authority Executive Director Joseph J. Seymour said, \"We are encouraged to see increased participation in Port Authority projects by minority-owned, women-owned and small businesses, and will continue promoting proven Port Authority outreach programs that will foster even greater participation in the coming years. These businesses must continue to play a vital role in all our endeavors.\"

Highlights for 2001 include:

The Port Authority\'s Office of Business and Job Opportunity provides information on contracting opportunities, financial and technical assistance, business and labor development programs, seminars, workshops and referral services.

The bistate agency also works closely with community-based strategic partners, including the New York State Association of Minority Contractors, the Greater Newark Development Corporation, and the New Jersey and New York Hispanic Chambers of Commerce.

The 2001 statistics were reported today by the Office of Business and Job Opportunity, which was created nearly 30 years ago to advance regional economic development by increasing the participation of minority/women-owned and small businesses in Port Authority contracts.