ECIDA Creates New MWBE Incentive
The Erie County Industrial Development Agency recently approved a new incentive for MWBE subcontractor utilization, known as the Economic Inclusion Program.Â
 To qualify for the incentive, applicants must achieve a 30% MWBE utilization rate (25% MBE/5% WBE) in the construction phase of a project. Additionally, post-construction, applicants must meet a 30% M/W job creation requirement. Applicants must also commit to some post-project initiatives, including MWBE procurement practices, adopting a DEI policy, providing DEI training for staff, or providing mentorship for MWBE businesses. Â
Applicants who meet these criteria are eligible for larger and longer tax abatements through ECIDA (see chart below). Â
Although a heavy-handed MWBE mandate was initially discussed, the BNP successfully advocated for making this policy an opt-in incentive.Â
The full policy is available here. Businesses interested in learning how their DEI strategy can make them eligible for this incentive should contact the BNP’s Kenya Hobbs at khobbs@thepartnership.org. Â
Related Posts
5.19.21 COVID-19 Bulletin: NYS Releases Updated Mask Guidance for Employers
As we told you earlier this week, beginning today, New York State adopted CDC public health guidance for fully vaccinated New Yorkers. The new guidance gives employers the choice of adopting the new CDC guidance or maintaining mask/face covering and social distancing policies for both employees and customers.
Senate to Consider Innovation & Competition Act
The U.S. Senate has begun formal consideration of the U.S. Innovation & Competition Act (S. 1260), previously known as the Endless Frontier Act. This bipartisan legislation, sponsored by Senate Majority Leader Chuck Schumer, recently passed the Senate Committee on Commerce, Science, and Transportation, and a floor vote is expected by the end of May.
5.17.21 COVID-19 Bulletin: Cuomo Lifts Mask Mandate for Vaccinated New Yorkers
Starting this Wednesday, May 19, 2021, fully vaccinated New Yorkers no longer need to wear a mask or face covering outdoors and in most indoor settings.
UU Analysis: NYHA Will Add Costs, Eliminate Jobs
Upstate United, a BNP partner organization and non-partisan, pro-taxpayer, pro-economic growth, and pro-Upstate education advocacy coalition, recently analyzed the research on the potential economic impact of the New York Health Act (NYHA).