The city of Memphis’ math doesn’t seem to add up when it comes to doing business with minority and women-owned businesses.
During his State of the City address in January, Memphis Mayor Jim Strickland said, “When I took office, just 12% of city contracting dollars went to minority and women-owned businesses. I’m proud to report that we closed our most recent fiscal year having doubled that – to 24%.”
The city now admits it made a clerical error and only spent 18% of its budget with minority and women owned businesses last year.
According to the Memphis Business Journal, the city’s spending calculations didn’t include $154 million in public works contracts
The city says it has made changes in how spending is reported.