Minority Business Development in the City
A recent audit report (August 30) done by the City's Auditor suggests that operationally, the Office of Minority Business Development (OMBD) needs to make some improvements. The City plans to continue to improve upon having an inclusive agenda and appreciates the Auditor and the City Council supporting the City's efforts to include minority businesses in the economic opportunities that the City generates. Even though areas where the office needs to be improved were highlighted, the audit report indicated that "OMBD has made a positive changed in minority participation" and "there has been a steady increase in spending with minority subcontractors since FY 2008." The report also states that the "number of minority subcontracts receiving payments has increased" and shows that the City has increased the universe of those firms doing business with the City of Richmond. In just a few short years, City spending with minority business has increas...