Relates to minority and women-owned business enterprises in relation to state contracts

This bill requires New York state contracting agencies to set minority and women-owned business enterprise (M/WBE) participation goals based on the actual percentage of certified M/WBEs in each specific industry within the relevant economic development region. It mandates that the Department of Economic Development publish these regional industry-specific M/WBE percentages on its website for every state contract bid opportunity, updating them annually. This directly affects state agencies awarding contracts and contractors who must meet these data-driven participation rates. The policy change replaces previous fixed requirements with regionally and industry-specific targets to better reflect local business certification rates.