Albuquerque Invests in its Economy by Contracting with Local Vendors
Upon entering office on December 1, 2017, Albuquerque Mayor Tim Keller knew he wanted to use the city government’s purchasing power as part of his economic development strategy in an effort to help boost the local economy. An analysis of city procurement indicated that an estimated $150 million to $300 million is spent annually by Albuquerque city government to purchase goods and services. Of that amount, at least 40% of funds were spent on non-local vendor contracts in 2017. As a result, the Keller Administration sought to develop strategies to maximize taxpayer dollars circulating in the local economy by contracting with local vendors.