(BALTIMORE – June 18, 2-26) – Baltimore City’s Small and Minority Business Development office (SMBAD) certified $137 million in payments to local small, minority, and women-owned businesses in Fiscal Year 2025 — a dramatic jump from the approximately $26–27 million captured the year prior in FY24.
Chris Lundy, speaking on the milestone, was careful to note that the gap between those two numbers isn’t purely a reflection of growth. “We didn’t have the system in place,” he explained, “so there was definitely money that we were leaving on the table that we weren’t able to capture.” Now that the city is fully tracking all active contracts, the numbers paint a clearer — and more complete — picture.
And FY26 is shaping up to be even bigger. Lundy hinted that the current fiscal year’s numbers, due to close out this month, will push the total even higher — though he declined to preview the final figure.
The full FY25 Annual Report is available at baltimorecity.gov/smbad.
