Year of Publication
2024
College
Martin School of Public Policy and Administration
Date Available
3-10-2025
Degree Name
Master of Public Financial Management
Advisor
Dr. Margaret Plattner
Committee Member
Dr. Iuliia Shybalkina
Co-Director of Graduate Studies
Dr. Jeongyoon Lee
Abstract
Procurement represents a substantial portion of public spending in state and local governments, and thus is an essential element of responsible public financial management. This paper explores the procurement process on the local government level and provides research into best practices that are conducive to equity and economic development. It takes a look specifically at Prince George’s County, Maryland and analyzes its procurement function in relation to these best practices. An analysis of the County finds that despite its strides in implementing equitable procurement policies, significant gaps remain in the engagement of disadvantaged classes of businesses. To tackle these challenges, the paper proposes several key recommendations: modernizing data collection and reporting systems to boost transparency and accountability; enhancing monitoring and enforcement mechanisms to ensure adherence to equity goals; and improving outreach efforts to bolster vendor participation. Furthermore, it recommends lowering bonding requirements to alleviate financial barriers for small businesses, standardizing methods for assessing “good faith” efforts by subcontractors and conducting regular disparity studies to keep an updated view on equity in procurement. By implementing these recommendations, Prince George’s County can establish a more inclusive and effective procurement framework that supports disadvantaged businesses and fosters fair competition.
Recommended Citation
Stover, Andrew, "Enhancing Equity and Economic Growth: A Strategic Review of Procurement Practices in Prince George’s County" (2024). MPA/MPP/MPFM Capstone Projects. 453.
https://uknowledge.uky.edu/mpampp_etds/453
