Local Economy Key Metrics to Measure
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Number of dollars that UVA spends within the local region.
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Number of SWAM organizations doing business with UVA in the local area.
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Amount of SWAM spend for businesses within the local area.
Problem:
UVA is not sufficiently engaging with local businesses, particularly SWaM (Small, Women-owned, and Minority-owned) businesses, resulting in missed opportunities for local economic growth and insufficient equitable access to university procurement opportunities in the local economy.
The local economy is defined as:
Tier 1: Blue Ridge Health District
https://www.vdh.virginia.gov/blue-ridge/
Tier 2: State of Virginia