Local bid preference may soon be part of Chillicothe city code. The Chillicothe City Council looked over an ordinance Tuesday that would establish a Local Bid Preference. City Administrator Darin Chappell says this is about keeping money circulating in the community. Chappel says when you purchase with a national Chain Store, the money is recirculated locally 4 times before it leaves the community. He says buying local, with a locally owned and operated business, that money sticks around longer.
Chappell says that same principle applies with the purchasing of goods or services for projects in the City.
The ordinance presented Tuesday would allow the city to consider a local bid that is 3% higher on projects from $5,000 to $500,000, 2% on projects from $500,001 to $1 million and 1% for projects of $1 million to $5 million dollars.
The council expected to make a decision on the ordinance at their next meeting, June 10th.
