Friday, May 21, 2010

City IG says minority, women firms shorted 15 percent on contracts

Chicago Tribune
May 20, 2010
Posted by John Byrne at 2:08 p.m.

Minority- and women-owned businesses were paid $19 million less than they were supposed to get under city contracts two years ago because of widespread fraud, abuse and mismanagement of the city's affirmative action program, according to a report released today by the city inspector general’s office.That represented a 15 percent shortfall during 2008, the report stated. If that kind of shortfall were extended over 15 years, starting in 1995, minority- and women-owned businesses would have lost $400 million, it concluded.

Full Story: http://newsblogs.chicagotribune.com/clout_st/2010/05/city-ig-says-minority-women-firms-shorted-15-percent-on-contracts.html

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