The Children's Hospital of Philadelphia is an anchor institution member of the just-launched Philadelphia Anchors for Growth & Equity (PAGE)
PAGE is a recently-launched partnership between the Economy League, the City of Philadelphia, Healthcare Anchor Network member Children's Hospital of Philadelphia (CHOP), and more than a dozen Philadelphia-area institutions. PAGE looks to "increase local purchasing by large institutional buyers to grow Philadelphia businesses, strengthen the local economy, create jobs, and build wealth."
PAGE points out that the 34 universities and hospitals located in Philadelphia together spend $5.3 billion on goods and services every year, with nearly half of these dollars spent outside of the city and an estimated $530 million of anchor dollars that can be aligned with local market supply. Capturing just 25% of this half-billion dollar opportunity would translate into 1,250 new manufacturing jobs and 4,000 indirect jobs in Philadelphia.
Read more: Philly.com | Nonprofit Quarterly | Philadelphia Tribune