A Long Island staffing agency with $5 million in contracts in 2010 was the black-owned certified company with the highest amount.
Bloomberg aides say the data are misleading, noting that the figures don't account for hundreds of millions going to minority subcontractors or firms that did not register with the program. The figures also don't account for contracts to nonprofits. City officials say black-run businesses have secured a larger and increasing share of sub-contract dollars. In 2010, black-certified firms won 20% of subcontract dollars awarded to firms participating in the program.
Clearly there needs to be a program targeted specifically to Black businesses. Until the private sector is more user-friendly to Black businesses, such government programs will remain necessary. (WSJ, 8/1/2011)