P.O. Box 1222, Madison, WI 53701 | www.prodane.org | office@prodane.org | (608) 257-4985

April 18, 2006

PD Supports Local Purchasing Resolution

At our March GMM, PD voted to endorse Ald. Brenda Konkel's Local Purchasing Resolution. The resolution asks for a report from the Comptroller and the City Attorney on ways the city can increase the amount of goods and services it purchases from local businesses.

Giving preference to local suppliers, even if it means spending a little more, can actually benefit a city's finances. Dollars spent locally generate additional economic activity even beyond the value of the initial contract as the local supplier in turn sources goods and services locally. Each additional dollar that circulates locally boosts local economic activity, employment, and ultimately tax revenue. Several U.S. cities have local procurement policies in place, which generally operate by giving a small preference to local businesses in the procurement process.

Local purchasing is one of the small business initiatives that the PD Economic Issues Task Force has been working on. The report is due back in the end of June, and will hopefully lead to proposed changes in the city's purchasing policy.

Posted by prodane at April 18, 2006 12:47 AM