Category: Public Procurement

Public Procurement

Keeping up with the Economy: Local Economic Multipliers

Approximately 30 states have adopted preferences for small or local businesses and 37 states also have “reciprocal laws” which add a percentage increase to out of state bidder’s proposal when compared to in-state bids. These local preferences can have a significant impact to a state’s economy. Purchasing in-state will not only increase a state’s revenue through sales and other taxes, but also have a broader impact on the local economy through the multiplier effect. Read more “Keeping up with the Economy: Local Economic Multipliers”