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Tuesday
Dec312013

Procurement

Image courtesy of Central Corridor Funders Collaborative

Securing regional prosperity through spending more with Central Corridor businesses

Our Goal is to create wealth in communities adjacent to the Central Corridor by focusing and aggregating the demand from the Anchor institutions to local suppliers that employ and invest in the community.

Objectives

  • Create or attract jobs to the Central Corridor by increasing the amount of local purchasing made by the Anchor institutions by 5% over 2012 baseline data;
  • Create cost savings over time for Anchors through collective procurement.

We are pursuing our goal and objectives through the following strategies:

  • Drive individual Anchor institution purchasing to Central Corridor vendors and track results.
  • Contract with Central Corridor suppliers to provide goods/services to Anchors through below list pricing or joint contracts.
  • Grow or attract supplier to the Corridor to meet Anchor spend that is currently being exported out of Minnesota.

We have initiated preferred purchasing options for appliances, window cleaning, snow removal, construction, and food

We worked with the Initiative for a Competitive Inner City to develop a data-driven strategy to spending more procurement dollars in Central Corridor neighborhoods. See Partner Procurement Analysis.