Legend
2023 Stage |
Time Period |
---|
E |
Explore |
I |
Implement |
C |
Complete |
|
Short |
0 to 18 months |
Medium |
18 months to 3 years |
Long |
3 to 5 years |
|
Other Local Economy Metrics
- Total discretionary spend in Calendar Year 20231 (through 01 Dec 2023):
a. Total spend: $752.1M
b. Local2 discretionary spend: $39.2M (5.21% of total)
- Number of local SWaM-certified3 businesses working with the University of Virginia in Calendar Year 2023 (through 01 Dec 2023):
a. Number of local small businesses doing business with UVA: 31 (6.72%)
b. Number of local micro businesses doing business with UVA: 30 (6.51%)
c. Number of local women-owned businesses doing business with UVA: 27 (5.86%)
d. Number of local minority-owned businesses doing business with UVA: 9 (1.95%)
- Amount of UVA spending with local SWaM-certified businesses in Calendar Year 2023 (through 01 Dec 2023):
a. Amount spent with local small businesses: $15.1M (38.58%)
b. Amount spent with local micro businesses: $3.3M (8.52%)
c. Amount spent with local women-owned businesses: $2.7M (6.98%)
d. Amount spent with local minority-owned businesses: $970.8k (2.48%)
(1) Calculated using invoice payment date and payment amount.
(2) Local businesses are defined as non-individual supplier types with remit ZIP codes in the Blue Ridge Health District zone.
(3) Certified with https://www.virginia.gov/agencies/department-of-small-business-and-supplier-diversity/. Many suppliers have several certifications; to avoid “double-dipping” each supplier and associated spend is placed within one category only for reporting purposes. This number does not include businesses working as subcontractors for University-contracted firms.
Local Economy Metrics |
---|
Recommendation |
2023 Stage |
Time Period |
---|
1. Double the percent of local businesses selling to UVA |
I |
Long |
2. Double the percent of minority-owned businesses selling to UVA |
I |
Long |
3. Draft, finalize, and endorse the Procurement Strategic Plan |
E |
Medium |
4. Increase spend with local minority and Black owned businesses |
I |
Medium |
5. Evaluate ways to engage uncertified SWaM-eligible businesses |
I |
Short |
6. Increase spend with currently engaged SWAM businesses |
I |
Short |
7. Develop local supplier search tool |
E |
Medium |
8. Feature local and local SWAM business in the impact analysis |
E |
Short |
9. Simplify and shorten the vendor certification process, and track time |
E |
Short |
10. Invest in a holistic (Academic and Medical) spend dashboard |
E |
Medium |
11. Create supplier diversity council and track pan-UVA supplier inclusion |
E |
Medium |
|