NYPA Hosts 20th Annual Purchasing Exchange
June 17, 2010
FOR IMMEDIATE RELEASE
WHITE PLAINS - The New York Power Authority (NYPA) will hold its 20th Annual Purchasing Exchange, for minority- and women-owned business enterprises (MWBEs), on Thur., June 17, from noon until 4 pm at NYPA’s White Plains office located at 123 Main St.
“For 20 years the NYPA Purchasing Exchange has been the launching pad for diverse businesses around the state to generate new business and grow,” said Richard M. Kessel, president and chief executive officer, NYPA. “The Power Authority has long supported the growth and expansion of businesses owned by women and minorities because of their vital importance to the overall growth and prosperity for NYPA’s business and ultimately for all of New York State’s economy.”
“NYPA’s Purchasing Exchange has provided an outstanding venue for suppliers to gather and exchange information and procurement opportunities with each other, and to pursue contract opportunities with purchasing representatives,” said NYPA trustee Mark O’Luck.
Among the 40 public and private sector entities planning to participate this year are the New York State Office of General Services, New York State Department of Transportation, New York State Dormitory Authority, New York State Insurance Fund, New York City Housing Authority, New York City Health and Hospitals, New York City School Construction Authority, Empire State Development Corporation, Con Edison, Bank of New York Mellon, National Grid, and Pepsi, along with many others. Almost 270 MWBE firms will be attending to pursue the many opportunities available at the Purchasing Exchange.
MWBE firms attending the Purchasing Exchange specialize in supplying professional services, construction-related goods or services, or high technology goods and services. More information on NYPA’s Supplier Diversity program can be found at www.nypa.gov. It is not necessary for MWBEs to be certified by New York State to attend, though representatives will be available to assist those who are interested in the certification process.
NYPA operates a multimillion dollar supplier diversity program, under the direction of Debra White, program manager, Supplier Diversity, to ensure that diverse suppliers actively and successfully participate in NYPA’s procurement process. In fact, last year 25 percent of the money NYPA spent on outside goods and services went to MWBE firms. NYPA's supplier diversity program is also responsible for negotiating with subcontractors, evaluating compliance for prime contracts and monitoring labor force requirements.
To encourage greater opportunities for MWBE’s, NYPA has established specific goals in areas such as construction, equipment and service contracts. Annually, NYPA’s goal for doing business with MWBE suppliers and contractors is set at six percent of reportable expenditures. For fiscal year 2009-2010, NYPA awarded more than $66 million—just over 24 percent—of its reportable expenditures to state certified MWBE firms. For the first fiscal quarter of 2010-2011, NYPA has achieved more than 12 percent of reportable expenditures with MWBE firms.
“NYPA has consistently and consecutively met or exceeded established goals for compliance with state MWBE policy,” said Debra White, manager of NYPA’s Supplier Diversity program. “NYPA’s record continues to speak volumes about our commitment to supplier diversity and our support of New York State’s efforts to expand opportunities for MWBE firms.”
“NYPA’s work with people from a wide range of cultures and backgrounds provides us with many new ideas and perspectives that we can use to improve our own business approach,” White added.
■ The New York Power Authority uses no tax money or state credit. It finances its operations through the sale of bonds and revenues earned in large part through sales of electricity. ■ NYPA is a leader in promoting energy efficiency, new energy technologies and electric transportation initiatives. ■ It is the nation's largest state public power organization, with 17 generating facilities in various parts of New York State and more than 1,400 circuit-miles of transmission lines. ■ Approximately 80 percent of the electricity it produces is clean renewable hydropower. Its lower-cost power production and electricity purchases support hundreds of thousands of jobs throughout the state. ■For more information, www.nypa.gov.