- December 21, 2021
- Posted by: Stratford Team
- Category: Business
With more than $8.6 billion in federal infrastructure spending about to flow into Massachusetts, some Black businesses leaders are criticizing rules that will make it more difficult for some bigger and more successful minority-owned businesses to land contracts.
Under current federal regulations, smaller minority and women-owned businesses have an advantage in getting infrastructure contracts, but bigger firms making more than $10 million a year are excluded in some cases from the preferential contracting program aimed at increasing the use of diverse contractors.
The Biden Administration’s $1 trillion infrastructure law, signed last month, will build roads and bridges, improve ports, rail transit and the power grid, replace lead pipes in public water supplies and expand broadband internet, among other things.
On transportation projects alone, the White House has set a goal of spending 10% of the $370 billion with small disadvantaged businesses –…
