A local business preference ordinance has been proposed to support small businesses, prevent high unemployment, and increase municipal tax revenues in Springfield, Missouri. The ordinance would provide an 8 percent bid credit to law-abiding local businesses bidding on the City’s public works projects.
A strong Springfield is built locally by highly trained workers. Awarding public works projects to local businesses who employ Springfield residents would boost economic development, promote training opportunities for young residents, and spur local tax revenues. As a result, the proposed local business preference ordinance would deliver good value for taxpayers.
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