LA – Largest City in US to Formally Include LGBTQ Businesses in Contract Process
The city of Los Angeles will be the largest municipality, by both population and economy, to formally include LGBTQ-owned businesses in the city’s billions of dollars in contract procurement. Reports show that similar contracts in LA amount to as much as $8 billion over roughly 40 departments
Federal and local governments have long built into contract procurement opportunities for minority-owned and women-owned businesses. LGBTQ businesses contribute $1.7 trillion to the U.S. economy and create more than 33,000 jobs, according to the National LGBT Chamber of Commerce.
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