Economic Opportunity Review Committee 03-30-2026

The Philadelphia City Council's Economic Opportunity Review Committee convened on March 30, 2026, focusing on enhancing capital readiness and access to capital for small and midsize businesses, particularly minority-owned firms seeking to do business with the city. The meeting featured Howard Steven Brown, founder of Advantage Capital, who emphasized the importance of financial infrastructure, compliance, and strategic advisory services to prepare businesses for capital acquisition. Discussions highlighted challenges such as the lack of equity investment options, the need for culturally competent financial advisors, and the importance of building relationships with financial institutions before capital is needed. The committee also underscored ongoing efforts to increase diverse participation in city contracts through workshops and information sessions, including upcoming events related to SEPTA and the live casino. No specific contract awards or procurement decisions were made during this meeting, but the dialogue centered on improving the capacity of diverse firms to compete for city contracts through better financial preparedness and support.