NYC now allows LGBT businesses access to minority contracts

A rainbow flag at the Stonewall National Monument outside the Stonewall Inn in New York City on June 4, 2019. (Photo: Mike Segar / Reuters)

New York City now recognizes LGBTQ-owned companies as minority-owned businesses, making them eligible for billions in city contracts, as well as access to consulting, mentorship, educational programs and other resources.

The new designation, announced Tuesday by New York City’s…