ABOUT PHILADELPHIA ANCHORS FOR GROWTH AND EQUITY
Philadelphia Anchors for Growth and Equity (PAGE) is a partnership between the Economy League, the City of Philadelphia and more than a dozen Philadelphia-area institutions that works to increase local purchasing by large institutional buyers to grow Philadelphia businesses, strengthen the local economy, create jobs, and build wealth.
Today, the 34 universities and hospitals located in Philadelphia together spend $5.3 billion on goods and services every year, but nearly half of these dollars are currently spent outside of Philadelphia. Analysis of the local business landscape suggests that at least $530 million of anchor dollars currently being spent outside of the region align with local market supply. Capturing just 25% of this half-billion dollar opportunity would translate into 1,250 new manufacturing jobs and 4,000 indirect jobs in Philadelphia.
If you are interested in participating in the initiative as a supplier, buyer, or support organization, please email us at email@example.com and tell us about your organization and your interest in Philadelphia Anchors for Growth and Equity!
For years, hospitals and universities have been regarded as key players in regional economies. While corporate headquarters and manufacturing facilities may relocate to reduce costs, these so-called ‘anchor institutions’ are rooted in place through assets like real estate, infrastructure, and human... Read More
Economy League’s PAGE Hurdle Fund Reports Positive Contract Growth Between Philadelphia Institutions & BIPOC Businesses in First Year, Modeling a Local Capital Solution
$100k+ in grant capital supported five BIPOC businesses in securing $1.8M in new revenue opportunities with institutions like Drexel University and... Read More
Last week our PAGE team was spread throughout the country at conferences that reflected some of our major tenets as a program. PAGE has always focused... Read More
“Nearly two-thirds of the $1.7 trillion in student debt in America is held by women, and Black borrowers are more negatively affected due to systemic... Read More
Learn more about our approach to diversifying and localizing institutional supply chains, how we are integrating supply chain data analytics, scaling up through tailored consulting, and capital access through an impact investor hub.
PAGE HURDLE FUND PILOT
The Hurdle Fund serves Black and Brown-owned businesses seeking to eliminate small, low-cost hurdles - including insurance, equipment, certification, and more - in order to win new or grow existing contracts with local institutions.
PAGE is actively seeking prospective applicants for our Hurdle Fund.
Please reach out for more information on this innovative grant program.
Reach out to PAGE DEI Data Analyst Melina Harris to learn more and get involved.
PAGE welcomes the responsibility to develop a common structure of accountability for the anchor institutions we partner with. Many of our participating anchors, community partners, minority business owners, and board members with cross-sector expertise continue to help shape the discussion and decision-making process around this framework.
Check out 2021 PAGE Accomplishments
MORE PAGE RESOURCES
EDA PRESS RELEASE
The US Department of Commerce’s announcement of our award from October funding PAGE Capital, explaining why they think it’s such an innovative concept.
Supplier Landscape Analysis
Our 2019 study of local suppliers utilized by hospitals and universities, based on institutional purchasing and spend data
PAGE: Applying the Lean Startup Methodology to Build a Financially Sustainable Anchor Collaborative
A peer-reviewed journal article about the PAGE approach