Hey there, Nashville! It’s a glorious time to catch up on some inspiring news that’s making a positive impact in our community, particularly for our black and brown owned businesses as well as our women owned firms. The latest report on the City of Nashville’s Equal Business Opportunity Program is out, and it contains some fantastic insights that we can all cheer about!
From July 1, 2023, to June 30, 2024, the city has proposed an impressive $85 million to spend specifically with black and brown owned firms. That’s a substantial $13 million increase compared to the previous year, which represents an 18% rise! Isn’t it great to see this commitment toward increasing opportunities for our diverse business community?
But wait—there’s more! For women owned firms, the city is looking at a whopping $98 million in proposed spending. This marks a striking $59 million increase or an astonishing 151% boost over last year. Talk about moving the needle!
As we move forward, it will be exciting to see what additional strides Nashville makes toward supporting our local businesses. If you have any questions or want to learn more about the specifics of the report, feel free to reach out to BAO@nashville.gov for additional insights.
So there you have it, Nashville! Let’s celebrate these achievements and hope for even more growth and inclusivity in our beloved city’s business endeavors in the coming years!
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