Expanding Community Wealth through Import Replacement: Local Institutional Procurement

An import replacement strategy seeks to replace imported goods and services through local production.  Import replacement keeps money in the community. A key starting point is utilizing the procurement power of local public-sector anchor institutions for greater local procurement – spending a greater portion of their budgets back into the local economy.

The Centre for Local Prosperity has structured this public information and planning session as a kick-off event for a multi-year strategy to develop the economic potential of import replacement across Shelburne County, with a focus on greater local procurement from public-sector anchor institutions.