Philadelphia Sees Construction Boom and Potential Boon to Minority-Owned Businesses
The City of Philadelphia, PA, a finalist in the fourth round of the City Accelerator, is focused on increasing participation in large contract procurements.
The City of Philadelphia, PA, 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.
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What is Philadelphia proposing?
Philadelphia is looking to leverage a historic construction boom to increase the availability of certified minority business enterprises who are equipped to compete for and engage in larger-scale procurement opportunities. The city will focus both on positioning existing firms to be competitive and sustainable and creating a pipeline of new contract/bid-ready firms. Through participation in the City Accelerator, the City of Philadelphia will work with existing firms to identify and develop the technical assistance necessary to develop a community of minority-owned businesses that are “ready, willing and able” to compete successfully for large contracts. Lessons from the cohort could include how to co-create impactful solutions with residents and other stakeholders that are rarely brought into the policy process.
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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.