Memphis Pursues Procurement Reform to Boost Participation by Small and Minority-Owned Businesses
The City of Memphis, TN, a finalist in the fourth round of the City Accelerator, is focused on lowering barriers to entry for small and minority-owned businesses.
The City of Memphis, TN, is a finalist in the fourth round of the City Accelerator, which is focused on using public procurement to help create inclusive economic opportunity. Your feedback on its story map will inform final selection of the cities.
What is Memphis proposing?
Memphis is looking to refine its purchasing policies and practices to further existing efforts to increase the participation of minority and women-owned business enterprises in city contracting. Participation in the City Accelerator will allow the city to develop and implement innovative solutions that build upon its work to ease the process of starting a new business and lower the barriers to entry for small businesses that work with the city. Lessons learned from the cohort could lead to a multi-jurisdictional procurement strategy that leverages economies of scale and increases opportunity.
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For a detailed description of the mission and purpose of the City Accelerator’s cohort on Procurement for Inclusive Economic Opportunity, click here.
Public response is one of several criteria being used by the City Accelerator to select cohort cities. The number of ratings or comments by themselves do not determine final status or selection.