Community-based small businesses, for instance, can receive a five-percent preference on bids for state contracts in California, New Mexico, and Alaska.

May 9, 2015

Community-based small businesses, for instance, can receive a five-percent preference on bids for state contracts in California, New Mexico, and Alaska. Many cities(rouchly half the municipalities in a recent survey)use public contracts to help neighboorhood-anchored community development corporations (CDCs) and simultaneously improve the delivery of government services. Publicly sponsored "buy local" programs are widespread. The Rural Local Markets Demonstration in central North Carolina identifies products, services, parts, and raw materials that manufacturers would like to purchase locally, and then assists other local firms with the development of such products and/or helps establish new local firms to fill the supply gap Pension funds now regularly seek ways to enhance local economic health. More than half of U.S. states have established Economically Targeted Investment programs to promote investments that help communities.

 

Source: Alperovitz, Gar. "You Say You Want a Revolution?" WorldWatch, November/December 2005. pp. 19-22. Available at http://www.worldwatch.org/node/588. (Verified 04/18/14).

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