How LOCOMeX can help Philly’s biggest institutions create a more equitable post-coronavirus region

In the article, “Buy local: How Philly’s biggest institutions can help create a more equitable post-coronavirus region,” J’nelle Lawrence and Jeff Hornstein explain how minority small businesses are “bearing the brunt” of the COVID-19 epidemic. Anchor institutions, from hospitals to major corporations, spend billions of dollars per year outside the region. How can those dollars stay in Philly? One way is through the PAGE initiative: an effort to create a platform for aggregating demand and going local.

Here is the core challenge from the article:

Yet there is a bottleneck on the “supply” side. Too many local firms simply lack the capacity and access to the right kinds of capital to achieve scale and compete for institutional contracts.

J’nelle Lawrence and Jeff Hornstein

Getting Organized

The authors explain how the system needs to organize– so true, and so relevant for many localities across the USA. The LOCOMeX online platform can be the go-to place for overcoming many obstacles mentioned. Here is how:

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Ayo Jemiri of LOCOMeX Participates in Focus Group with NYC Office of Diversity Initiatives

Over the past five years, Scott M. Stringer, NYC Comptroller, Office of Diversity Initiatives, has spearheaded an agency-by-agency review of MWBE spend in New York City, with the Office of Diversity Initiatives. “MWBE Making the Grade Publication: New York City Agency Report Card on Minority- and Women-Owned Business Enterprises” reports on the progress made in 2019 and the history of supplier diversity in NYC. All agencies either matched or improved their status from previous years; yet, Stringer states that there is much room for improvement.

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