Page 125 - FortWorthFY23AdoptedBudget

General Fund

Contract Compliance

Responsible for monitoring contracts to ensure compliance with the City's Business Equity Ordinance.

Meet or exceed annual aggregated business equity firm 21% 17% 25.0% 25.0%
utilization goal of 25%.
Meet or exceed annual disaggregated Black-owned NA 6% 6.6% 6.6%
business equity firm utilization goal of 6.6%.

Meet or exceed annual disaggregated Hispanic-owned NA 9% 9.2% 9.2%
business equity firm utilization goal of 9.2%.

Meet or exceed annual disaggregated Asian-owned NA 2% 1.7% 1.7%
business equity firm utilization goal of 1.7%.
Meet or exceed annual disaggregated Native
American/Indigenous-owned business equity firm NA 0% 0.7% 0.7%
utilization goal of .7%.

Equity Consultation and Policy Research

Partner, educate, and collect outcome data from City Buyers and Project Managers on opportunities to eliminate potential barriers for
underutilized businesses in planning, contract execution, and contract closeout proceses for contracting departments and purchasing.
Conduct, collect and document best practice policy research for business equity in governmental agencies.

Decrease the percentage of award appeals due to NA NA 0.0% 100.0%
claims of racial or gender discrimination.
Satisfactory survey rating for understanding new
business equity process from aggregate internal NA NA Satisfactory Satisfactory
business equity stakeholders.
Educate all internal business equity stakeholders on
new business equity policy by September 30th. NA NA 100.0% 200.0%
Meet or exceed annual disaggregated Asian-owned
business equity firm utilization goal of 1.7%. NA NA Complete Complete
Create internal database of business equity best
practice policy, process and procedures from NA NA Complete Complete
comparable cities by September 30th.

Equity Firm Capacity Building
Build capacity for marketplace business equity firms through 1. access to capital opportunities, 2. bonding education, 3. competitive bid
submission education, 4. financial reporting for business support, 5. development of Section 3 worker and business participation in city
development projects, 6. development of Returning Resident worker and business participation in city development projects, 7. support
for local, regional and national supply chain planning for resiliency, and 8. encouraging business creation in areas of need (when the city
has issued a waiver in a NAICS code where there was no business equity firm availability).

Decrease the percentage of award appeals due to NA NA 5.0% 5.0%
claims of racial or gender discrimination.
Number of marketplace Business Equity Firm that have
grown (increased revenues or staff) or maintained their NA NA 3 3
business after CDFI Friendly Fort Worth engagement
by September 30th.

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