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
3.3.21 COVID-19 Bulletin: NYS Updates
Today, the State Legislature is passing a short-term budget extender, indicating a continued lack of consensus on a budget deal. The extender allows the state government to continue operations while buying time for the Governor and Legislature to reach an agreement on a number of outstanding issues. As we
1.27.21 COVID-19 Bulletin: Cuomo Lifts Zone Restrictions in WNY
Today, the State Legislature is passing a short-term budget extender, indicating a continued lack of consensus on a budget deal. The extender allows the state government to continue operations while buying time for the Governor and Legislature to reach an agreement on a number of outstanding issues. As we
1.25.21 COVID-19 Bulletin: PPP Round 2 Is Open & NYS Unemployment Insurance Update
Today, the State Legislature is passing a short-term budget extender, indicating a continued lack of consensus on a budget deal. The extender allows the state government to continue operations while buying time for the Governor and Legislature to reach an agreement on a number of outstanding issues. As we
1.14.21 COVID-19 Bulletin: Indoor Dining Can Resume
Today, the State Legislature is passing a short-term budget extender, indicating a continued lack of consensus on a budget deal. The extender allows the state government to continue operations while buying time for the Governor and Legislature to reach an agreement on a number of outstanding issues. As we