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Wisconsin Housing and Economic Development Authority Exceeds Target Purchases for Businesses

Wednesday, January 13th, 2021 -- 11:01 AM

From computer technology to financial services, the Wisconsin Housing and Economic Development Authority exceeded its targets for purchases from certified minority-, disabled veteran- and women-owned businesses during fiscal 2020.

In all, these targeted purchases accounted for some $859,700 or 12.4% of WHEDA’s total $6.9 million in discretionary spending, up from $509,963 or 8.58% during fiscal 2019.

“Fostering a diverse supply chain drives competition and opens the door to innovation among vendors,” said WHEDA CEO Joaquín Altoro. “By being intentional in our supplier relationships and procurement practices, we can level the playing field and bring more businesses to the starting line for consideration. The results include improved sourcing options, quality and service as well as more job opportunities in our underrepresented communities.”

Consistent with its commitment to increase equity, diversity, inclusion and economic opportunity, for fiscal 2020 WHEDA exceeded its 6% goal for discretionary spending with minority and disabled veteran business partners certified by the Wisconsin Department of Administration.

Among these certified businesses, WHEDA disbursed 6.5% of its discretionary purchases.  Additionally, WHEDA expended 2.9%, of its discretionary purchases with DOA-certified women-owned business partners and another 3% with non-certified minority-, disabled veteran- and women-owned vendors.

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