Johns Hopkins procurement teams have increased the amount the institutions spend on goods and services from city vendors each year of the HopkinsLocal program. The goal for FY26 is to increase spend with local businesses—with an emphasis on minority-owned, women-owned, and veteran-owned companies—by $25 million. The teams will use $151 million in FY22 spending as a baseline.
In addition, the university and health system plan to:
- Establish a baseline for local spending and develop a clear strategy for increasing spending with local minority and women-owned businesses (MWBEs)
- Establish partnership(s) to support MWBE entrepreneurs in Baltimore City, including the provision of training
- Develop a recognition process for procurement, engaging diverse businesses, partners and university leaders to promote economic development in the city