Goal:

the goal of this program is to define the differences between private sector purchasing and public sector purchasing of products and services; it is also to point out the similarities of both sectors as well.

Objective:

The goals of the public and private sector are to specifically determine how to best position small businesses (SBEs), minority-owned, women-owned, and disadvantaged businesses (MWDBEs) to effectively compete for large-scale construction projects in these industries.

This program defines:

• Municipalities and Corporations spend millions of dollars each year on goods and services, from major construction projects to food, supplies, consulting, and repairs.
  • Corporations and Cities should develop comprehensive strategies to achieve equity in contracting and        procurement, which could include setting equity targets for SBEs, MBEs and DBEs, streamlining certification        processes, breaking up large contracts into smaller subcontracts, helping subcontractors grow into prime            contractors, and removing onerous financial burdens for small businesses.
• How corporations and cities affect business opportunities for small and small disadvantaged businesses
  • Private and Public spending is a valuable lever for fostering more equitable economic development. Through  equitable contracting and procurement policies, corporations and cities can ensure that underrepresented            entrepreneurs have access to these business opportunities — those who are underrepresented include minority-        owned business enterprises (MBEs; defined as at least 51 percent owned by people of color) and disadvantaged  business enterprises (DBEs; owned by people of color, women, and other economically disadvantaged groups).