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City presents Equal Business Opportunity program update and bonding pilot to expand local contractor capacity
Summary
City staff and partners reported gains in micro‑local business enterprise (MLBE) certifications, explained bid‑discount mechanisms and previewed a proposed bonding pilot intended to increase prime‑contracting capacity among local small businesses.
City staff and partner organizations briefed the commission Feb. 11 on the Equal Business Opportunity (EBO) suite of programs and a proposed pilot to increase bonding capacity for Micro Local Business Enterprises (MLBEs).
Presenters explained program mechanics: MLBEs may qualify for bid discounts on construction (up to a 5% evaluated bid allowance to the prime contract when MLBEs…
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