Division of Financial Services
Sponsored Financial Services
Many sponsors require that grantees make efforts to utilize small, minority-owned, and women-owned businesses whenever possible. In addition, recipients of sponsored awards must comply with applicable state, federal, sponsor, and university requirements for procuring goods and services when funds from these sources are used.
These requirements may include the need for sponsor approval prior to acquisition of goods or services.
See the federal regulation 2 CFR 200.321, Contracting with small businesses, minority businesses, women's business enterprises, veteran-owned businesses, and labor surplus area firms.
New York State contracts that are over $1 million incorporate the Omnibus Procurement Act of 1992 whereby Cornell must state that it "has made reasonable efforts to encourage the participation of New York State Business Enterprises as suppliers and subcontractors, including certified minority and women-owned business enterprises, on this project, and has retained the documentation of these efforts to be provided upon request to the State."
Other New York State agencies, such as the Department of Environmental Conservation, have specific goals for Minority Owned Business Enterprise (MBE) and Women Owned Business Enterprise (WBE) participation.
If you are unsure of the requirements of your award, please email Sponsored Financial Services or the accountant for your award.
For assistance with identifying diverse vendors, please email Cornell Procurement Services or call them at (607) 254-5300.
