Unlike many corporations that come and go from communities, anchor institutions are public and nonprofit institutions that stay put. We can spend our resources and procure services in ways that create opportunities for people who live on the economic margins.
We’re backers and founding members of AnchorTO, a network of 18 public sector institutions, including four provincial ministries and an agency, eight colleges and universities, two funders and four City agencies and corporations. They’ve been working together since 2015 on social procurement strategies to achieve their organization’s mission and to maximize benefit for Toronto’s low-income communities.
The group represents over $17 billion in combined annual collective procurement spend. The City of Toronto coordinates the network, leveraging the City’s experience in developing and implementing its own Social Procurement Program.
Over the last two years, the work of the network has gained significant momentum, moving members from a place of learning to action and receiving national and international recognition. This next phase of this work will be on sustaining progress and growing the base of support for this work.