Creating an Anchored Local Economy in Newark: Recommendations for Implementing a Comprehensive Local Procurement Strategy

Kim Zeuli, Lena Ferguson and Austin Nijhuis

This new report from the Initiative for a Competitive Inner City (ICIC) identifies an opportunity for Newark anchor institutions to shift over $425 million of procurement toward local purchasing. In addition to targeting local procurement strategies in high expenditure areas, authors Kim Zeuli, Lena Ferguson, and Austin Nijhuis also suggest that anchors target local procurement contract opportunities so as to build the capacity of small firms to scale up for future contracts, as demonstrated by the Chicago Anchors for a Strong Economy (CASE) initiative

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