The Centre for Local Prosperity released a report studying the potential for local procurement by Atlantic Canada public sector anchor institutions as an economic development strategy. There could be a significant economic impact to our regional economies if more educational institutions, municipalities and other public sector anchors adopted a strategy for a small local shift in their procurement practices.
Non-confidential aggregated data from four institutions is presented, which shows a significant potential economic stimulus from a 10% shift in their procurement to local suppliers. Examples are given in the report on how institutions can build responsive, local supply chains.
