Updated in 2011, Oakland’s Local and Small Business Enterprise Program aims to provide economic opportunity for all residents and businesses, stimulate economic development, and nurture a stronger, local economic base. The program specifies requirements for the city’s contracting and purchasing, which include a 50 percent minimum participation rate of local firms in all construction contracts over $100,000 and all professional services contracts over $50,000; preference points and bid discounts to emerging and start-up businesses, and businesses employing Oakland residents and new hires; and a Mandatory “Preferred Small Local Business Program” for all pre-construction and construction projects valued below $250,000.
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