Greater Memphis Chamber unveils diversity proposal
MEMPHIS, Tenn. (AP) – Memphis officials have unveiled a plan to grow local small, minority- and women-owned businesses as suppliers.
The Commercial Appeal reports that the Greater Memphis Chamber on Wednesday told the Economic Development Growth Engine for Memphis and Shelby County board that Chairman’s Circle firms are being asked to develop mentor-and-protege relationships with small businesses.
Officials say that Chairman’s Circle firms will be invited to share their supplier diversity polices receive support if they don’t have one.
An online portal will also be established so that minority-, women-owned and local small businesses will be automatically notified about bids.
For companies to qualify for PILOT tax breaks in the two counties, the chamber proposes a minimum 15 percent target for spending on construction, site preparation and annual local purchasing with certified small firms.