The Colorado Springs business community is on course to be the recipient of more than $33 million in local spending by Colorado Springs Utilities during 2010.
In advance of today’s Utilities Board meeting today, procurement and contract department officials reported that it is on course to set a local spending record, which year-to-date accounts for 37.4 percent (more than $33 million) of total spending.
“This is our highest number since 2003, when local spending accounted for 38.3 percent of overall spending. Our established goal is 30 percent,” said CSU spokesman Patrice Quintero.
All total, during the past three years average local spending amounted to $64.4 million per year.
The Colorado Springs Utilities procurement and contracts division began tracking its local spending in 2000.
Quintero said in order to expand awareness for the initiative, the utility is reaching out to the community.
The department’s representatives provide information to local contractor associations about the procurement process. They also host an annual workshop, offer online tools to access contract opportunities and one-on-one meetings for local business owners with the procurement staff.
“Our goal is to increase dollars flowing to local companies.”