Press Release Article


PORT AUTHORITY AWARDS $450 MILLION TO MINORITY/WOMEN OWNED AND SMALL BUSINESSES IN 2011

Date: Jun 05, 2012
Press Release Number: 86-2012

Awards Supported Nearly 4,000 Jobs and More Than $750 Million in Wages

The Port Authority today announced that it awarded $450 million in contracts to minority-owned, women-owned and small businesses in 2011, representing 18.5 percent of all agency contract awards that year. The 18.5 percent participation rate exceeded the agency’s goal of 17 percent.

The $450 million in contracts awarded in 2011 came from Port Authority direct contracts and subcontracts awarded for work at its facilities, World Trade Center redevelopment project contracts, and aviation tenant work.

These contracts resulted in significant economic benefits for the Port District, including more than 3,800 jobs in the region, more than $235 million in wages and approximately $755 million in regional economic activity.

In addition, the Port Authority’s M/WBE program matches M/WBEs with some of the region’s leading construction companies to increase their ability to bid successfully on larger contracts. Twenty-six M/WBEs participated in the Mentor-Protégé Program in 2011. Eight protégé firms were awarded eight Port Authority contracts totaling approximately $7.3 million.

“The Port Authority has awarded billions of dollars in contracts to minority, women-owned and small businesses in New York and New Jersey,” said Port Authority Chairman David Samson. “This agency is dedicated to inclusiveness in all of our contracts, and these 2011 numbers are proof of that. From outreach efforts, to continued support, the Port Authority is committed to helping minority-owned, women-owned and small businesses.”

“With men and women throughout the region in need of work, it’s important that we draw from a diverse labor pool to ensure that we attract the best and brightest talent to work on our projects,” said Port Authority Vice Chairman Rechler. “The numbers we announced today demonstrate our unwavering commitment to businesses of all sizes and makeup.”

“The Port Authority is dedicated to ensuring new and emerging MWBE entrepreneurs operate on a level playing field during these tumultuous economic times,” said Port Authority Executive Director Pat Foye. “The Port Authority has provided countless opportunities for regional MWBE businesses and their employees to prosper. In the past five years alone, this program has generated more than $2.7 billion in regional economic activity.”

“The Port Authority’s cumulative contract awards, coupled with awards by our aviation tenants since 2006, have supported 10,540 jobs and have generated $780 million in wages,” said Port Authority Deputy Executive Director Bill Baroni. “We are encouraged to see increased participation in Port Authority projects by minority/women-owned and small businesses, and we will continue our outreach programs to foster even greater participation in the coming years.”

CONTACT:
Port Authority of New York and New Jersey
Steve Coleman, 212-435-7777

The Port Authority of New York and New Jersey, which does not receive tax dollars from either state, operates many of the busiest and most important transportation links in the region. This includes 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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