New Jersey Transit is moving ahead with its Disadvantaged Business Enterprises goal for 2020 to 2022 to provide equal opportunities.
NJ Transit created the new Disadvantaged Business Enterprises goal using its own employees, saving $100,000.
“We’re excited that NJ Transit’s new and ambitious DBE goal is going into effect,” NJ Transit President and Chief Executive Officer Kevin Corbett said. “It’s just one example of how we’re focused on developing a larger pool of qualified contractors who represent the diversity of the business community and the region we serve. We have so much talent in New Jersey and it’s in our best interest as an organization to cast as wide a net as possible. We want to ensure that all qualified businesses have the opportunity to participate in the procurement process.”
In April, NJ Transit held a public meeting where it announced its DBE goals for fiscal year 2020-2022. NJ Transit took public comment at the meeting and engaged in a 30-day public comment period. At the meeting, prime contractors, small businesses and DBEs had the opportunity to hear about upcoming capital construction projects. NJ Transit has $2.7 billion projected in Federal Transit Administration-assisted contracting projects for 2020-2022.
Last year, NJ Transit awarded $165 million in FTA-funded contracts – of that amount $31 million was awarded to DBE firms, representing a DBE participation rate of 19 percent for the year.