Rebuild Ready, a city program created to provide administrative and technical support to diverse talent, helped train 96 businesses to compete for local government contracts.
- Nearly 89% of those businesses are owned by people of color.
Why it matters: More than 65% of Philadelphia identifies as a race other than white, per the City Controller's Office.
- The city aims to have a third of companies contracted for a city project be owned and run by people of color this year.
Of note: Roughly 30% of city contractors were business owners of color last year.
Flashback: Mayor Jim Kenney launched the Rebuild Ready program in 2019 as part of his $425 million public works program Rebuild, which was funded by the city's soda tax.
- Kenney's initiative promises reinvestments in the city's parks, recreation centers and libraries.
Between the lines: Rebuild was passed into law with the expectation that a larger portion of contractors would be owned by people of color or women.
- So far this year, 68% of Rebuild contract money is going to those firms, exceeding that goal.
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