NYPA Press Release

WHITE PLAINS—The New York Power Authority (NYPA) today hosted hundreds of diverse business owners and industry professionals at its 2023 Supplier Diversity Expo to celebrate the 40^th anniversary of the Power Authority’s supplier diversity program. This year’s expo was part of NYPA’s—and its subsidiary, the Canal Corporation’s— ongoing commitment to invest in the growth and development of small and diverse businesses in New York state.

The annual expo helps NYPA increase the number of Minority and Women-Owned Businesses (MWBE) and Service-Disabled Veteran-Owned Businesses (SDVOB) in its supply chain by providing critical information that empowers diverse businesses to expand their capabilities, grow their customer base and increase profits. Additionally, the expo provides opportunities for attendees to network and establish business relationships with prime contractors and other diverse businesses.

This year, the expo focused on the theme: “The Power of Supplier Diversity: Increasing Opportunity, Driving Growth for 40 Years.” The Power Authority’s supplier diversity program was launched in 1983 and has been responsible for awarding more than $1.7 billion in contracts to an estimated 1,200 diverse suppliers—more than 500 of which are MWBEs. In the past fiscal year, the Power Authority and Canal Corporation’s total spend for MWBEs was $90.4 million and $4.6 million for SDVOBs.

As part of its VISION2030 strategic plan, NYPA committed to investing $12 million to grow and develop small and diverse businesses, further advancing New York’s pipeline of diverse suppliers.

“This expo is one of the many ways we are driving the success of supplier diversity at NYPA,” said NYPA Vice President of Strategic Supply Management John Canale. “The bold steps we are taking to advance diversity, equity and inclusion in our supply chain allow us to expand our diverse supplier base, increasing competition and lowering the overall cost of supplying energy in New York State. NYPA and Canals are committed to providing many more events where MWBEs and SDVOBs can showcase their abilities, gain skills, and learn about opportunities to do business with the organization.”

“We are proud to celebrate 40 years of leadership in supplier diversity by continuing to present a first-class expo that ensures diverse suppliers gain key information and access to opportunities to be successful,” said NYPA Senior Director of Supplier Relationship Management Eric Alemany. “We expect the expo, as well as our other supplier diversity initiatives, will help us identify more diverse businesses that can provide products and services to grow our energy business far into the future.”

To access procurement bidding opportunities at NYPA, businesses can find notices advertised in the New York State Contract Reporter, the state’s daily listing of contracting opportunities in the amounts of $50,000 or more, at www.nyscr.ny.gov. Events are also posted online as they become available on the Power Authority’s procurement website. To participate in current and future bid opportunities, businesses must register in Ariba, NYPA’s procurement software, at nypa.supplier.ariba.com/register.

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About NYPA

NYPA is the largest state public power organization in the nation, operating 16 generating facilities and more than 1,400 circuit-miles of transmission lines. More than 80 percent of the electricity NYPA produces is clean renewable hydropower. NYPA 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. For more information visit www.nypa.gov and follow us on Twitter, Facebook, Instagram, Tumblr and LinkedIn.

About the New York State Canal Corporation

New York’s Canal system includes four historic canals: the Erie, Champlain, Oswego, and Cayuga – Seneca. Spanning 524 miles, the waterway links the Hudson River with the Great Lakes, the Finger Lakes and Lake Champlain. The canals form the backbone of the Erie Canalway National Heritage Corridor and connect hundreds of unique and historic communities.