City of Albuquerque - File #: R-21-198

• File #: R-21-198
• Type: Resolution
• Status: Enacted
• File created: 9/20/2021
• In control: City Council
• Final action: 10/4/2021
• Enactment date: 10/18/2021
• Enactment #: R-2021-070
• Title: C/S 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 2022 Through 2026 (Borrego, by request)

Date	Action By	Action	Result
10/18/2021	City Clerk	Published
10/15/2021	Mayor	Signed by the Mayor
10/7/2021	City Council	Sent to Mayor for Signature
10/4/2021	City Council	Accepted with a Recommendation Do Pass, as Substituted (Immediate Action)
10/4/2021	City Council	Passed	Pass
9/27/2021	Finance & Government Operations Committee	Sent to Council for Immediate Action	Pass
9/27/2021	Finance & Government Operations Committee	Sent to Council with a recommendation of Do Pass, as Substituted	Pass
9/27/2021	Finance & Government Operations Committee	Substituted	Pass
9/20/2021	City Council	Introduced and Referred
9/20/2021	President	Referred

CITY of ALBUQUERQUE
TWENTY- FOURTH COUNCIL


COUNCIL BILL NO. C/S R-21-198 ENACTMENT NO. ________________________

SPONSORED BY: Cynthia D. Borrego, by request


RESOLUTION
title
C/S 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 2022 Through 2026 (Borrego, by request)
body
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 2022 THROUGH 2026.
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 and 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 Albu...