City Working to Do Business with Troy Vendors

The Buy Local movement has a champion in Troy, evidenced in a recent City Council report which highlights an advantage for Troy vendors in the bidding process.

Within the last five years, the city has awarded contracts to 39 Troy vendors from 211 local bidders, according to City Manager Brian Kischnick's report.

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Businesses with a local presence in Troy are given an opportunity to match the lowest bid, if the bid of a local business is within five percent of the lowest responsive and responsible non-local bidder, all other provisions being equal, the report continues.

Troy, along with over 100 other local government agencies, is involved with the Michigan Inter-governmental Trade Network, an online platform for potential bidders and local government agencies built to work together efficiently. 

According to a 2009 report cited by eLocal, just over 33 percent of the revenue from national chains is reinvested into the local community, compared to a return from local businesses of just under 65 percent.

To read the City Manager's report, visit Troy's website or view the PDF files on Patch.