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NEW YORK STATE URBAN DEVELOPMENT CORPORATION d/b/a ...

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FOR INFORMATION<br />

April 17, 2012<br />

TO: The Directors<br />

FROM: Kenneth Adams<br />

SUBJECT: Procurement Contracts - Third Quarter Fiscal Year 2011-2012<br />

UTILIZATION OF CERTIFIED MINORITY AND WOMEN OWNED BUSINESS ENTERPRISES:<br />

During the third quarter of Fiscal Year 2011/12, MWBE firms received 21.75% ($8,485,207) of<br />

the $39.1MM from all ESD projects, programs and subsidiaries. For the first three quarters of<br />

FY 2011/12, MWBE firms received 20.47% ($25,917,748) of the $127MM from all ESD projects,<br />

programs and subsidiaries. This represents a slight increase over the comparable period from<br />

Fiscal Year 2010/11.<br />

M/WBE COMMITMENTS<br />

In accordance with Section 4 (11) of the UDC Act, authorizing the Affirmative Action Policy adopted<br />

by the Corporation in February 1980, and the Resolution passed by the Corporation in September<br />

1993, attached hereto is the Quarterly Report on Procurement Contracts to Minority and Womenowned<br />

Business Enterprises ("M/WBEs") during the Third quarter of Fiscal Year 2011-2012.<br />

For the Board’s information, below is information on ESD and its subsidiaries. For the third<br />

quarter of fiscal year 2011-12, ESD and its subsidiaries committed $442,520 of the $87.3MM in<br />

procurement contracts and amendments based on the submitted schedules of participation by<br />

primes. In the third quarter of Fiscal Year 2010-2011 MWBE firms received a commitment of<br />

$254,960 of the $3.3MM in procurements and amendments.

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