The Equal Business Opportunity Program Report details efficacy of the race and gender specific equal business opportunity program. Highlights from July 1, 2023 to June 30, 2024 include: $85 million in proposed spending with black and brown owned firms; a $13 million or 18% increase over Fiscal Year 23. $98 million in proposed spending with women owned firms; a $59 million or 151% increase over Fiscal Year 23 $44.8 million paid to MBE and WBE subcontractors; a $6.6 million or 17% increase over Fiscal Year 23. 9% average proposed subcontract participation for black and brown owned firms. 7% average proposed…
Author: City of Nashville
Mayor Freddie O’Connell today joined the Community Foundation of Middle Tennessee (CFMT), First Horizon, the Metro Housing Division and other funding partners to launch the Nashville Catalyst Fund, a new tool to create, preserve, and develop more affordable housing. Metro and partners created the Nashville Catalyst Fund to provide fast, flexible capital to mission-driven developers to enable them to move quickly in Nashville’s competitive real estate landscape. The Fund will launch with an initial $75 million – $20 million from Metro, $50 million credit facility led by First Horizon, and $5 million from Vanderbilt University – with a goal to…