Stephen Jackson The New CEO Of WIBO Explains The Reality Of Preparing And Winning Minority Contracts In NYC
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| Stephen Jackson (Center) At A Recent WIBO Event |
By Stephen Jackson, CEO Of Workshop In Business Opportunities (WIBO) Based In NYC
Recently the NYC Comptroller was saying NYC was doing terribly in minority contracts from the city. Why is this the case with all the community prepping taking place?
There are other sides to this story. It takes more than getting prepped or certified to play the game of government/corporate contracts. One a small business is not getting a multi-million dollar contract with less than a $100 K in sales.
Government/corporations make primarily large purchases for the services/products they utilize and only a handful of minority businesses are primed for those types of contracts. Two, unfortunately, some minority businesses do not want to invest in the needed insurance, bonding necessary to bid on these contracts.
