Sunday, June 14, 2026 6:13 AM EDT

Contractor News

Jobless claims fall to lowest level since mid-MayJobless claims stay low in latest weekConsumer credit growth soars in DecemberU.S. productivity slows down in fourth quarter while unit labor costs accelerateBeyond to buy rights to Buy Buy Baby brand and reunite it with Bed Bath & BeyondTrump asks Supreme Court to pause TikTok banAmazon says it had best-ever Thanksgiving Holiday week with record sales and number of items soldU.S. stock futures and bond yields drop on reports Putin has updated nuclear doctrineCharter Communications announces buyout deal for Liberty Broadband at terms above its previous proposalGeneral Motors unveils new all-electric Cadillac called the Vistiq with 300-mile rangeVestas Wind Systems stock slumps as company says margins to be at low end of guidanceBurberry shares rise on report Moncler could bid for itKazatomprom reports 17% increase in production during the third quarterAnheuser-Busch InBev shares slip as sales come up shy of estimatesWingstop’s stock slides 12% after profit falls short of estimatesNovartis hikes sales and profit guidance for the yearPlus500 says it will meet expectations after quarterly revenue climbs 11%Trainline boosts guidance for the second time this yearBarclays reports 18% profit rise as it lifts income guidanceLondon Stock Exchange Group says income grew, led by TradewebNobel economics prize awarded to three who studied wealth of nationsNobel Peace Prize awarded to Japanese atomic bomb survivorsDirecTV to acquire EchoStar’s video distribution business including Dish TV and Sling TVMoody’s places all of Boeing’s ratings on review for a downgradeMicrosoft to lay off 650 people from videogame business: WSJArcBest misses profit expectations, as soft rate environment weighed on revenueAlibaba stock climbs on report of vendor service fee increaseEuropean stocks open lower after weak Wall Street finish, computer outagesWholesale inventories in U.S. rise 0.1% in AprilHibbett shares fall as Q1 sales miss analysts’ estimate
Data released on Birmingham’s M/WBE program, more plans in the works

Data released on Birmingham’s M/WBE program, more plans in the works

Source : ContractorNews.com

February 11, 2021

Author : Amy Chan

The City of Birmingham’s new initiative known as the Valuing Inclusion to Accelerate and Lift (or VITAL) has released its first report on local government diversity spending.

Between July 1st, 2019 and June 30th, 2020 the report observes that 10 percent of total city spending went to women- and minority-owned businesses (M/WBEs) which in total represented $24.3 million in contracts. 

Overall, four percent of city spending went to WBEs and four percent went to MBEs. Another two percent went to businesses that are both MBEs and WBEs (MWBEs)

A series of planned actions have been outlined by city planners, showing how Birmingham will seek to expand M/WBE participation:

  • Create a better vendor registration process while encouraging minority- and women-owned businesses to register as a vendor in the city. They can register here
  • Form a database of minority- and women-owned and other disadvantaged businesses that will help local authorities, vendors, and institutions serving th city. 
  • Create more consistency in procurement across the city’s agencies.
  • Actively seek out minority and women owned firms for city contracts. 
  • Work on ways to fortify small businesses in the city.
  • Publish and distribute an annual Opportunity Guide that forecasts anticipated purchases which will be useful for vendors.

For more on Birmingham’s M/WBE program visit the city's VITAL program website.
 

Category : Minority Business Enterprises Minority Women Business Enterprises Women Business Enterprises Disparity Studies Local Government

Related Update