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Maryland MBE goal raised to 29 percent

Maryland has increased the overall minority participation goal of its Minority Business Enterprise program to 29 percent on state-funded contracts, it was announced Wednesday by the Governor’s Office of Minority Affairs.

The former goal — 25 percent minority participation — dates to 2001, and it was met for the first time in fiscal year 2012.

GOMA, which sets the MBE goal after consulting with other state agencies, proposed the 29 percent target after considering factors that included the relative availability of minority- and women-owned businesses as shown by the state’s most recent disparity study, and the past participation of MBEs in state procurement.

The 29 percent goal will be in place for fiscal years 2014 and 2015 on state-funded contracts.