INTRODUCING PHILADELPHIA ANCHORS FOR GROWTH & EQUITY!
Wednesday, November 28th
5.30 PM - 7.30 PM
George D. Behrakis Grand Hall | Creese Student Center | 3210 Chestnut Street | Philadelphia
You are invited to learn about an innovative approach to reducing local poverty, creating jobs and building local wealth!
Philadelphia is the poorest large city in the US that at the same time is blessed with tremendous assets, including several of the nation's best hospitals and universities. Each year Philadelphia's anchor institutions spend over $5 billion on goods and services in contracts that could be channeled towards local businesses as a way of addressing problems of unemployment and poverty. Cities such as Baltimore, Chicago and Detroit have developed effective local purchasing strategies to leverage the power of institutions to create jobs and build wealth.
The Economy League, in partnership the City of Philadelphia, has been working with twelve of Philadelphia's biggest institutions to define and implement an institutional local purchasing strategy in Philadelphia. Although institutions spend billions of dollars on a wide array of goods and services, various internal and external barriers drive most of these contracts outside of the city.
Join us to hear how we are working with Philadelphia's hospitals and universities to localize $500 million in contract opportunities and create as many as 5,000 living-wage, middle-skill jobs for Philadelphia residents!
The Keynote Speaker is Kurt Sommer, Director of the Baltimore Integration Partners. He will make the economic case for inclusion and share lessons from his eight years of implementing a similar strategy in Baltimore. His presentation will be followed by a panel comprised of entrepreneurs and local exprets in purchasing and supplier diversity. The panel will discuss the challenges and opportunities in buying from diverse and local businesses. The event will conclude with a networking reception.
WE WOULD LIKE TO THANK OUR EVENT SPONSORS:
PAGE FOUNDING PARTNERS: