The Citi Foundation and Living Cities today announced the expansion of the City Accelerator program to five additional U.S. cities – Charlotte, Chicago, Los Angeles, Memphis, and Milwaukee. The five cities will work together over the next year to refine their approach to procurement spending, pursuing at least one new strategy to increase the diversity of municipal vendors and contractors and direct more spend to local minority-owned businesses. This collaboration supports the goal of City Accelerator, to support innovative local government projects within and across cities that have a significant impact on the lives of residents, especially those with low incomes.
"These cities are taking a hard look at how they purchase goods and services for their communities," said Ed Skyler, Citi's Executive Vice President for Global Public Affairs and Chairman of the Citi Foundation. "They recognize that there is an opportunity to strengthen their procurement practices – and cities overall – by connecting directly with the diverse businesses and ideas within their communities. We are excited to see the ideas and approaches that come from this year's City Accelerator."