City of Albuquerque
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File #: R-20-100   
Type: Resolution Status: In Council - Final Action
File created: 9/9/2020 In control: City Council
Final action:
Enactment date: Enactment #:
Title: Approving And Authorizing The Acceptance Of Grant Funds From The Department Of Commerce Minority Business Development Agency And Providing An Appropriation To The Economic Development Department For Fiscal Years 2021 And 2022 (Pe?a)
Attachments: 1. R-100.pdf
CITY of ALBUQUERQUE
TWENTY FOURTH COUNCIL


COUNCIL BILL NO. R-20-100 ENACTMENT NO. ______________________

SPONSORED BY: Klarissa J. Pe?a


RESOLUTION
title
Approving And Authorizing The Acceptance Of Grant Funds From The Department Of Commerce Minority Business Development Agency And Providing An Appropriation To The Economic Development Department For Fiscal Years 2021 And 2022 (Pe?a)
body
WHEREAS, the Albuquerque Economic Development Department, in partnership with the Minority Business Development Agency, will develop and operate an MBDA Business Center to support Minority Business Enterprise in Albuquerque, in the state, and across the United States; and
WHEREAS, strong empirical evidence shows that promotion of Diversity, Equity, and Inclusion is an effective strategy for improving profitability, creativity, governance, and problem-solving outcomes in the private sector; and
WHEREAS, Albuquerque's opportunities to leverage the benefits of diversity in the private sector increase as the proportion of local vendors identifying as Minority Business Enterprises grows (from 9.6% in FY18 to 11.9% in FY20); and
WHEREAS, under the leadership of Mayor Keller, the Albuquerque Economic Development Department has committed to a strategy that includes growth of local businesses, shifting more of the City's purchasing to Minority Business Enterprises; and
WHEREAS, the Department of Commerce Minority Business Development Agency promotes the growth of minority-owned businesses through public and private sector programs, policy, and research, operating through a national network of MBDA Business Centers; and
WHEREAS, development of an MBDA New Mexico Business Center would allow Albuquerque Economic Development Department access to resources provided by the Minority Business Development Agency; and
WHEREAS, the City applied for $300,000 from the Department of Commerce Minority Business Development Agency; and
WHEREAS, th...

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