Sponsored Papers

Improving Procurement Processes to Promote Economic Equity

City leaders are in a unique position to implement innovative practices that can transform their communities and drive better outcomes for their cities. This guide makes the case for equitable contracting as one such transformative practice and will show that a focus on the engagement of diverse contractors and vendors is beneficial not just for those entrepreneurs, but for society at large. There is already significant work being done by municipalities, building on decades of groundbreaking political leadership and innovative policy and practices, and some of these standout cities will be highlighted. These cities are leveraging the significant dollars that local governments spend on goods, services and construction – estimated at $1.5 trillion annually in the U.S. – to generate equitable economic opportunity, strengthen communities, and improve procurement options through increased competition.