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Hispanic Business TV > Business > Business > Port of Long Beach: Honored for small business support
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Port of Long Beach: Honored for small business support

HBTV
Last updated: October 25, 2024 3:18 pm
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The Port of Long Beach has been recognized for supporting small businesses by connecting them to port-related construction and professional services contracts.

The Port received the “Champion of Small Business” award during a recent awards banquet hosted by the Los Angeles County chapter of the American Council of Engineering Companies of California, an organization of engineering and land surveying firms.

“Our engagements with the vendor community allow us to open the lines of communication with small businesses and reduce barriers for their participation in Port business,” said Port of Long Beach CEO Mario Cordero. “We thank the ACEC Los Angeles County chapter for this recognition.”

“Our Small Business Enterprise Program creates significant economic opportunities by opening the door to a diverse set of local contractors and vendors,” said Long Beach Harbor Commission President Bonnie Lowenthal. “The SBE’s quarterly meetings and focus groups provide us with the feedback that allow us to create a more level playing field for small business.”

In the 2023 fiscal year, 41.8% of Port funds spent on eligible contracts through the Port’s Small Business Enterprise Program went to purchase needed services and materials from companies defined as “small business enterprises” and “very small business enterprises,” exceeding the Port’s goal of 27%.

The Port of Long Beach is a global leader in green port initiatives and top-notch customer service, moving cargo with reliability, speed and efficiency. As the premier U.S. gateway for trans-Pacific trade, the Port handles trade valued at $200 billion annually and supports 2.6 million jobs across the United States, including 575,000 in Southern California. In 2024, industry leaders named it “The Best West Coast Seaport in North America” for the sixth consecutive year. During the next 10 years, the Port is planning $2.3 billion in capital improvements aimed at enhancing capacity, competitiveness and sustainability.

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