Penn's Economic Inclusion Initiatives
Engaging locally is a bedrock component to President Gutmann's Penn Compact, and one expression of that engagement is Penn's economic inclusion initiatives, which provide opportunities for local individuals and businesses to participate in the economic activity of Philadelphia's largest private employer. Three components are at the core of the initiatives:
- Increase employment opportunities by improving job skills and workforce capacity. Penn's Division of Human Resources has hiring practices and partnerships that encourage the recruitment, retention, and development of a committed and diverse workforce. Operating under an Affirmative Action plan and principles for faculty and staff, Penn tracks the composition of its workforce and regularly identified under-represented populations for targeted recruitment efforts and skills development opportunities.
- Support small businesses through the procurement of locally provided products and services. The Division of Business Services supports Penn's commitment to economic inclusion by leveraging University purchasing power to encourage local business growth that aids businesses owned by under-represented minorities and women. Launched in 1986, Business Services also operates the Local Community Business Program, designed to pursue business opportunities for local community businesses. This is done on either a direct supplier basis or in strategic partnerships with major regional and national firms, including participation in the Penn Marketplace, Penn’s private online supplier exchange. To learn more about Penn's local purchasing initiatives, visit: https://cms.business-services.upenn.edu/purchasing/economic-inclusion/by-the-numbers.html.
- Aspire to 20% of construction projects over $5 million are awarded to minority – and women-owned companies. The Division of Facilities and Real Estate Services directs Penn's capital projects, which are on average $300 million annually. Penn has extensive opportunities for local residents, minority-owned businesses, and women-owned business to participate in its major capital projects.