The Port Authority of New York and New Jersey has awarded $2.3 billion in contracts to Minority and Women-Owned Business Enterprises (MWBE) as part of the JFK Redevelopment Program.
This is the largest participation of MWBE firms on any public-private partnership project in New York state history.
“The Port Authority is committed to supporting inclusiveness in the design, financing, construction and operation of our major redevelopment projects across the region by setting ambitious goals for MWBE participation,” Port Authority Chairman Kevin O’Toole said. “Just as we’ve done at Newark-Liberty’s new Terminal A and at LaGuardia Airport, JFK’s redevelopment is a game-changer for MWBE firms that were too often left on the sidelines during these historic capital projects.”
The $19 billion project will transform JFK International Airport. Currently, 680 MWBEs have been awarded contracts at JFK.
The Port Authority has set a goal of 30 percent MWBE participation for the agency’s capital projects. It plans to award additional contracts to MWBE firms until redevelopment is substantially completed in 2028 and to engage minority and women-owned businesses.
In addition, the Port Authority has awarded more than $950 million to more than 200 businesses based in Queens as part of a focus to work with local contractors.