#Minorities missed out on $19 million in Chicago city contracts in ’08: audit
African Americans, Hispanics, women and Asians were deprived of at least $19 million worth of construction contracts in 2008 alone because of “widespread” fraud, abuse and mismanagement of Chicago’s minority contracting program, an internal audit concluded today.
Inspector General Joe Ferguson compared actual participation in the city’s minority contracting program to statistics reported to the City Council by the city Department of Procurement Services.
What he found was a program “beset by fraud and unlawful brokers” that has fallen far short of the city’s claims.
In construction contracts awarded in 2008 alone, companies owned by minorities and women got $19 million less than the city claimed they would get, roughly 15 percent of the total touted by the city.
#Minorities missed out on $19 million in Chicago city contracts in ’08: auditTags: Chicago, mbe, minority owned business, mwbe, supplier diversity
