The Bottom Line: The Power of Procurement : vimarsana.com

The Bottom Line: The Power of Procurement


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The 100 largest cities in the U.S. have a combined budget of $214 billion. That number pales in comparison to the roughly $4.8 trillion federal budget, but it’s not chump change, either. City budgets have power — power not just over how their money is spent but on whom the money is spent, and where that budget money is stored in the meantime.
In this ebook we have collected stories about how more cities are choosing to spend their money with women- and minority-owned businesses — and, increasingly, with LGBTQ-owned businesses as well. When cities shift some of their contracting dollars to businesses that historically have been left out of these opportunities, the value extends beyond the dollar amount on the paperwork. For example, one estimate pegs the revenues of every LGBTQ-owned business in the country at $1.7 trillion; this makes a compelling case that any city wanting to get ahead should invest in those businesses.

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Oscar Perry Abello , Emily Nonko , , Valerie Vande Panne , Senior Economics Correspondent Oscar Perry Abello , Bottom Line , Next City , ஆஸ்கார் பெர்ரி அபெல்லோ , வலேரி வந்தே பேன் , மூத்தவர் பொருளாதாரம் நிருபர் ஆஸ்கார் பெர்ரி அபெல்லோ , கீழே வரி , அடுத்தது நகரம் ,

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