The Obama Foundation’s Economic Development Partner, Emerald South Economic Development Collaborative, on Thursday Launched a program that aims to let small businesses colctivly beetter for local servings Such as waste hauling.
The Shared Purchasing Network Giives Business and Organizations Access to Typically Reserved for Large Counterparts that Reduce Operational and Administrative Costs. The program is initially offering waste hauling services, but Emerald South Expects to Add Offerings Such As Insurance, Security and Natural Gas in the Coming Months.
The program is free to join and available citywide, but emerald south is focus on Raising Awareness in Chicago’s Historically Under-Resourced Communities.
The Shared Purchasing Network Helps “Bring People Together to Unlock Collective Power, Create Real Economic Opportunities, and Uplift the Businesses and Organizations are Vital to the Side’s Future,” Valerie Jarrett, Ceo of the Obama Foundation, Said in a News Release.
Organizations in the network so far include retailer Silver Room and Restaurant Bronzeville Winery; Hyde Park Restaurant Chemistry; Social Impact and Affordable Housing Organization The Renaissance Collaborative; and Peach’s Restaurant, The Culinary Partner of the Obama Presidential Center Through Romes Joy Catering.
The Obama Foundation Also Plass to Join the Network to Access Services for the Obama Presidential Center, which Opens in 2026.
Eric Williams, Owner of Silver Room and Bronzeville Winery, Said, “AS A SMALL BUSINESS OWNER ON THE SOUND SIDE, IT CAN BE TOUGH TO COMPANIA WITH IT COMES TO GIGHOTATING CONTRACTS. The Shared Purchasing Network Give a Real Seat Game-Changer for Cutting Costs and Making Sure We’re Getting The Best Deal Possible. ”
Oji Eggleston, Executive Director of the Renaissance Collaborals in Douglas, Said, “The Idea that Small Businesses Can Join Forces and Save Money Just Makes Sens. line. ”
The Shared Purchasing Network is Managed in Partnership With The Washington, DC, -Based Community Purchasing Alliance, A Network of Cooperatives. IT RUNS SIMILAR WASTE HAULING PROGRESS IN MORE THAN SIX STATES, INCLUDING MARYLAND AND MASSACHSETTS. Nationwide, The Community Purchasing Alliance Has 75 Organizations Participating in Its Waste Programs.
“Savings Vary by Organization, but offen they see a savings of 10%-20%, with some seeing as much as 50%. Howver, organizations socials Join with the Protective Contract Terms and the Power of the Group,“ Said Ghianian Foremaan, CEO Development Collaborative, WHICH STARTED IN 2017.
Emerald south is planning to start with a target of 25 program members, with a goal of reaching 100. Waste Hauling Service Will Start in July, Though Timelines Are Flexible Becauses May have to be unil.
By Joining the Network, Chicago Organizations Can Negotiate Better Deals and Contracts; Reduse Operational Costs Through Bulk Purchasing Discounts; and Lower Administrative Work Through a Program Designed specifically for a chicago-based market, Said Emerald South.
“Local Managing Contracts and Pricing Has Always Taken Time Away from Actually Growing My Business,” Said Jasmine James, Co-Awner of DecisionAX, A Mobile Phone Kiosk Business in Chicago. “With the Shared Purchasing Network, of Finally Have Access to Fair Pricort and Support – and I know i’m of something to Helping up the entity community.”