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For Immediate Release: Tuesday, March 5, 2024
The Montgomery County Office of Procurement’s recently released Fiscal Year 2023 (FY23) annual reports for the Minority, Female and Disabled-Owned Business Program (MFD) and the Local Small Business Reserve Program (LSBRP) showed record funding for both groups.
In FY23, the County awarded $246,374,095 in contracts with certified MFD businesses. The amount represented 22.6 percent of eligible dollars and the highest dollar amount for MFD firms since the program began more than 25 years ago.
In FY23, the County awarded $305 million in contracts with certified LSBRP businesses. The amount represented 31.3 percent of eligible dollars. This is the highest dollar amount spent with local small businesses since the program began in 2009 as well as the highest percentage spend.
“I am pleased that we have been able to increase the dollar values of County contracts with minority, female and disabled-owned businesses, as well as local small businesses,” said County Executive Marc Elrich. “It has been an important goal for me to expand who we do business with and to open it up to businesses that historically may not have had access to these contracts. I want to thank Director Ash Shetty and his team for their continued commitment to both the minority and local business contracting programs.”
The Office of Procurement participates in more than 30 outreach events in the region annually and co-hosts outreach events with local organizations. In September 2023, the Office of Procurement partnered with the Maryland Department of Transportation (MDOT) to host a Minority Business Enterprise (MBE) and Women Business Enterprise (WBE) certification workshop with Montgomery County’s African American Chamber of Commerce. In October 2023, the Office of Procurement and the Maryland Women’s Business Center launched a quarterly webinar series “How to Do Business with Montgomery County.” Last year, they partnered with the Maryland Black Chamber of Commerce to co-host a series of vendor outreach events, with another series to launch in May.
Click here for full news release from Montgomery County Government
