New York Gov. Andrew Cuomo has launched a surety bond assistance program that is designed to help minority and women-owned businesses, or MWBEs, secure surety bonds and state contracts.

Through the program, the state will provide irrevocable letters of credit for eligible MWBEs, and up to 30% of the base contract amount on government contracts up to $2 million.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.