Establishes expanded construction mentorship opportunities for small and minority and women-owned business enterprises.
The bill aims to enhance mentorship opportunities for small, minority, and women-owned businesses in New York. It mandates that state agencies with contracts exceeding $10 million in the prior fiscal year develop mentor-protege programs. These programs will foster long-term relationships between state agencies and minority and women-owned businesses, particularly where there is a contractual relationship between these businesses and subcontractors or contractors.
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