Where we spend money matters: when governments manage hundreds of millions of $$, our buying is powerful.
In March this year the City of Sydney accelerated climate action by switching to 100% renewable power, in the past, we pushed the big banks towards carbon-positive investment options.
Last night, I brought a motion to council to ask the City of Sydney to develop a local preference policy in procurement. Prioritising local businesses and organisations as suppliers is a cornerstone of the global #CommunityWealthBuilding movement: now it’s our turn.
It’s a mission championed by The Democracy Collaborative in Cleveland USA, expanded by Cr Matthew Brown in Preston UK, with transformative impacts for small businesses and the living wage. (It was great to chat to Cr Brown last week to learn how “the Preston Model” works in practice, thank you Matthew!)
It won’t be easy: there are state and federal Acts which may limit our capacity to buy local. I know it isn’t always easy to work with government either, due to our onerous (but necessary) processes, but this is a start towards keeping our money local and better understanding supply chains.