Anchor Institutions and the Purchasing Co-op

With the recent Amazon HQ2 bidding wars, it is clear cities need a more thoughtful approach to local economic development. As more nonprofits consider what a deliberate approach to re-making the economy might look like, we want to offer our community purchasing co-op model as a complement to the growing work of universities and hospitals trying to refocus on local, equitable economic development.

Last year over 100 small anchor institutions in Washington DC purchased $16.7 million of goods & services through the Community Purchasing Alliance Cooperative (CPA), with almost $10 million going to minority owned businesses.

Cooperatives, InsightLauren GreenspanMarch 14, 2019anchor institutions, economic justice, GPO, group purchasing, MBE