Department of Taxation and Finance
Minority and Women's Business Enterprise Reporting
State agencies and public authorities are required to promote the participation of minority-owned business enterprises (MBEs) and women-owned business enterprises (WBEs) in State contracts and procurement opportunities. Specifically, agencies must establish annual goals for such participation (expressed as a percentage of the agency’s total contract spending for the year), make a “good faith” effort to achieve these goals, and report quarterly on their level of participation. We examined the Department of Taxation and Finance's performance in these areas and found that it had established supportable goals and was making a good faith effort to achieve these goals. However, it had not fully achieved the goals. We recommended certain improvements that could substantially increase future M/WBE participation in the Department's contracts.
For a complete copy of Report 2009-S-82 click here.