Mayor Adams Celebrates Black History Month, Highlights Record Support for Minority-Owned Businesses

Mayor Eric Adams celebrated Black History Month at Gracie Mansion, emphasizing his commitment to supporting Black-owned businesses and promoting economic growth in New York City. During the event, Adams reflected on the achievements and challenges faced by the Black community, recognizing the resilience and contributions of past leaders while connecting them to the current administration’s goals.

Adams highlighted the significant strides made in supporting minority- and women-owned business enterprises (MWBEs) since he took office. He noted that over $17.7 billion in contracts have been awarded to MWBEs, marking a historical high in participation rates, which surpassed 30% for the first time (Source: https://youtu.be/w8RQqFlwQs4&t=204). These efforts, he asserted, are crucial for creating equitable economic opportunities for communities that have historically been marginalized.

At the event, Commissioner Dynashal Gross from the Department of Small Business Services reported a surge in Black business creation, particularly in New York City’s outer boroughs. Gross indicated a notable increase in labor force participation among Black New Yorkers and emphasized the importance of these businesses in the city’s economic recovery (Source: https://youtu.be/sXHNfGHtpGI&t=184). She spoke about connecting aspiring business owners with the resources necessary to succeed, striving for a more inclusive economic landscape.

Deputy Mayor Tiffany Raspberry reminded the audience of Black History Month’s origins and its importance in recognizing the cultural contributions of African Americans. She urged everyone to acknowledge ongoing efforts toward equity and resilience, aligning these themes with Adams’ vision for a more economically vibrant city (Source: https://youtu.be/sXHNfGHtpGI&t=0).

The administration’s initiatives also include simplifying the contracting process for small businesses and investing in outreach programs aimed at reducing systemic barriers in accessing capital. Community engagement remains a focal point, with city officials reiterating their dedication to understanding the needs of local entrepreneurs (Source: https://getlocalpost.com/2025/02/18/mayor-adams-celebrates-17-7-billion-in-contracts-for-minority-and-women-owned-businesses-at-gracie-mansion-ceremony/).

As part of the celebration, various honorees were recognized for their contributions to the community, emphasizing the collective responsibility to uplift future generations through entrepreneurship and partnership. The evening’s discussions served as a reminder of the significant role that Black-owned businesses play in shaping the economic future of New York City.