NEW ORLEANS — A new report says businesses owned by minorities or women received 47 percent of overall city government spending for goods and services in New Orleans from 2014-2016.
A draft version of the report was released Wednesday. It shows that the overall number is positive, since it surpasses the 44 percent of local minority- and women-owned businesses available for city contracts in New Orleans.
However, the report also shows room for improvement in various areas. Firms owned by Asian Americans and Hispanic Americans received a disproportionately low percentage of city dollars. And, in the private-sector, the report says minority- and women-owned businesses face obstacles that include lack of access to business loans.
Keen Research was chosen in 2016 to conduct the study. Release of the final report is expected by May.