Press Release Article


PORT AUTHORITY RECORDS MORE THAN 30 PERCENT INCREASE IN AWARDS TO MINORITY/WOMEN-OWNED AND SMALL BUSINESSES

Date: Jun 30, 2011
Press Release Number: 39-2011

Awards Supported 3,500 Jobs and Nearly $200 Million in Wages

The Port Authority today announced that contracts awarded to minority-owned, women-owned and small businesses represented 22 percent of all contract awards in 2010. The 22 percent participation rate achieved by M/WBEs was above the annual agency goal of 17 percent. These contract awards represented an increase of more than 30 percent over the previous year’s awards, while supporting thousands of jobs and nearly $200 million in wages.

Contracts awarded to minority/women-owned and small businesses in 2010 totaled nearly $470 million, second only to the record year in 2008 of $575 million. Total contracts awarded in 2010 are made up of awards from three sources: Port Authority direct contracts and subcontracts; WTC redevelopment projects; and aviation tenant work. Notably, World Trade Center projects generated $258 million in awards for M/WBE firms. Construction contract awards represented 80 percent of all M/WBE awards.

Port Authority Chairman David Samson 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 supporting jobs and generating economic growth in partnership with local businesses.”

Port Authority Executive Director Chris Ward said, “The Port Authority’s focus on this important issue has been an agency priority 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.”

Highlights for 2010 include:

  • The regional economic impact estimates of the total $470 million in contract awards to M/W/SBEs:
    • Supported nearly 3,500 jobs in the region
    • Generated more than $188 million in wages
    • Produced approximately $601 million in regional economic activity
  • 16 M/WBEs participated in the Mentor-Protégé Program in 2010. The program matches M/WBEs with some of the region’s leading construction companies to increase their capacity and ability to bid successfully on larger contracts.
  • Seven protégé’s were awarded eight Port Authority contracts totaling approximately $4.7 million

CONTACT: The Port Authority of New York and New Jersey

Justine Karp, 212 435-7777

The Port Authority of New York and New Jersey, which is self-sufficient and does not receive tax dollars from either state, operates many of the busiest and most important transportation links in the region. They include John F. Kennedy International, Newark Liberty International, LaGuardia, Stewart International and Teterboro airports; AirTrain JFK and AirTrain Newark; the George Washington Bridge and Bus Station; the Lincoln and Holland tunnels; the three bridges between Staten Island and New Jersey; the PATH (Port Authority Trans-Hudson) rapid-transit system; Port Newark; the Elizabeth-Port Authority Marine Terminal; the Howland Hook Marine Terminal on Staten Island; the Brooklyn Piers/Red Hook Container Terminal; the Port Authority-Port Jersey Marine Terminal and the Port Authority Bus Terminal in midtown Manhattan. The agency also owns the 16-acre World Trade Center site in Lower Manhattan.


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