Number
170282
Version
SUBSTITUTE 1
Reference
Sponsor
ALD. HAMILTON
Title
Substitute resolution authorizing the Department of Administration to accept and expend grant funding from the Living Cities organization for a program relating to inclusion and equity in municipal procurement.
Analysis
This resolution authorizes the Department of Administration to accept and expend grant funds in the amount of $100,000 from the Living Cities organization to promote greater economic opportunity for low-income Milwaukeeans. Milwaukee was selected to be a member of the fourth cohort (or group) of the “City Accelerator,” which will focus on procurement for inclusive economic opportunity.
Body
Whereas, The City of Milwaukee continuously seeks to increase the economic inclusion of its low-income residents; and
Whereas, The City intends to intensify its efforts to partner with entrepreneurs to increase small business participation in City contracting; and
Whereas, According to its website, Living Cities “is an innovative philanthropic collaborative of the world’s largest foundations and financial institutions (who are) working together to dramatically improve the economic well-being of low-income people in cities”; and
Whereas, Living Cities’ 18 member institutions include:
· The Annie E. Casey Foundation
· Bank of America
· Bill & Melinda Gates Foundation
· Citi Foundation
· Deutsche Bank
· Ford Foundation
· The John D. and Catherine T. MacArthur Foundation
· The JPB Foundation
· The Kresge Foundation
· The McKnight Foundation
· MetLife, Inc.
· Morgan Stanley
· Prudential Financial, Inc.
· Robert Wood Johnson Foundation
· The Rockefeller Foundation
· Surdna Foundation
· W.K. Kellogg Foundation
· Wells Fargo
; and
Whereas, The City was invited to apply to the Living Cities organization to join the fourth cohort of the “City Accelerator,” focusing on procurement for inclusive economic opportunity; and
Whereas, The City filed a Letter of Intent on April 24, 2017...
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