Photo by Axel Houmadi on Unsplash

The National LGBT Chamber of Commerce (NGLCC) announced that a bill has been introduced in the New York City Council to include LGBT-owned businesses in contracting and procurement opportunities throughout the city and to recognize NGLCC as the sole certification body for LGBT Business Enterprises (LGBTBEs)

For LGBT business owners in New York, the law will provide fair and equal access to contracting opportunities and economic development programs in the city. America’s 1.4 million LGBT business owners have contributed over $1.7 trillion to the US economy.

Councilman Ritchie Torres, who is openly gay, sponsored the bill with the support of the City Council LGBT Caucus. If it is passed into law, New York City would be the largest United States municipality to intentionally include LGBT-owned businesses in municipal economic development and contracting opportunities.

NGLCC Co-Founder & President Justin Nelson said that if the bill is passed, hundreds of certified LGBT Business Enterprises that have done business with Fortune 500 companies would be “eager for their shot to compete for work in the city they love.”