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Department of Finance, FY 2021
The Department of Finance had $32.9 million in total M/WBE-eligible spending, with 0% on construction, 61% on professional services, 32% on standard services, and 7% on goods. DOF received a C grade, earning an F grade with African Americans, an... Read More
Oct 18, 2021Department of Finance, FY 2020
The Department of Finance had $53.6 million in total M/WBE-eligible spending, with 0% on construction, 65% on professional services, 31% on standard services, and 4% on goods. DOF received a C grade, earning a D grade with African Americans, an... Read More
Dec 1, 2020Department of Finance, FY 2019
The Department of Finance had $53 million in total M/WBE-eligible spending, with 0% on construction, 43% on professional services, 54% on standard services, and 2% on goods. DOF received a D grade, earning an F grade with African Americans, an... Read More
Nov 17, 2019Department of Finance, FY 2018
The Department of Finance had $25.3 million in total M/WBE-eligible spending, with 0% on construction, 7% on goods, 78% on professional services, and 14% on standard services. DOF received a D grade, earning D grades with Asian American and women-owned... Read More
Oct 30, 2018Department of Finance, FY 2017
The Department of Finance (DOF) had $20.5 million in total M/WBE-eligible spending, primarily composed of professional services (80%). DOF received a D grade, earning a C with women-owned firms, D grades with Asian American and Hispanic American firms, and an... Read More
Nov 13, 2017Department of Finance, FY 2016
DOF increased spending with Asian American, Hispanic American and Women-owned firms, but decreased spending with Black-owned firms. Taken together, this resulted in an increase in the overall agency grade from a D to a C.
Sep 1, 2016Department of Finance, FY 2015
DOF moved up one grade this year, mainly by increasing spending on goods with Women-owned businesses. In addition, DOF hired a Chief Diversity Officer (CDO) to oversee M/WBE procurement.
Sep 1, 2015Department of Finance, FY 2014
DOF’s low procurement with M/WBEs in its largest procurement industries, professional and standard services, resulted in its failing grade. The agency exceeded the goal for Hispanic American businesses in goods procurement, but failed to meet goals in any other instance.
Jul 1, 2014