Benefits of Inclusive Contracting

Benefits of Inclusive Contracting

Living Cities lists the following as the main benefits of equitable contracting: • It fulfills the government mandate to promote equal treatment. • It facilitates inclusive community economic growth that a) yields stronger communities, b) contributes to the overall growth of the middle class and, c) creates a more robust taxpayer base. • It provides stable revenue and helps firms to gain the experience necessary to grow. The growth of businesses owned by people of color helps to address the racial income and wealth gaps because they are more likely to hire staff of color or from underserved communities. • It makes the system more efficient because there is the opportunity for increased competition. • It attracts and assists talented new businesses to become potential partners, which may result in higher quality contractors.