Tag: Reciprocal Law

NASPO Events & Education

Which States Have Preference Policies? NASPO Has the Repository!

Giving preference to local bidders is a common means of making government contracts more accessible to resident small business enterprises and supporting local economies.
There are different types of preferences and the policy application around the country varies greatly; this adds complexity for both governmental and business entities trying to understand the preference conditions in each state. Wouldn’t it be great if there was a nationwide resource, a central place with state-by-state information on local preferences and reciprocity laws? Look no further! NASPO just launched the State Preference Repository, a comprehensive database, including preference conditions and law citations for all 50 states and the District of Columbia to help agencies determine the lowest responsible bidder.

Read more “Which States Have Preference Policies? NASPO Has the Repository!” →

Data Analytics

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” →