Procurement Services offers a number of programs designed to encourage contracting grow opportunities.
The Small Business Initiative is designed specifically to encourage small businesses to have an opportunity to participate in City-funded construction projects. The program, which will be race and gender neutral, will be exclusive to small businesses and will be limited to construction projects that are under $3 million in total cost. This will provide a level playing field for small businesses to compete in the construction space, a key area in which larger companies are at an inherent advantage. For more information on this program, click here.
The Diversity Credit Program is designed to increase the use of minority and women-owned businesses on contracts issued in the private sector. This will be accomplished by providing Supplier Diversity participation credit on City contracts for contracts that are awarded in the private sector. For every $3 of private sector contracts, $1 in credit will be issued to the contractor, which can then be used to provide up to 5 percent of a subsequent city contract. This encourages some of Chicago’s largest construction contractors to work with minority- and women-owned businesses – not only in the public sector, but in the private sector as well. For more information about this program, click here.