added more than $1 billion to their spending with local businesses

Michael30000

Senior Member
Russian
Hello everyone,

From the book Thank You for Being Late by Thomas Friedman.

Yet, despite its unusual structure, Itasca has made a tangible contribution to the economic and civic vitality of Minneapolis–St. Paul since 2003, argued Welsh. Besides its success in advancing the state’s transportation infrastructure and working on minority inclusion and CEO diversity training with people such as Sondra Samuels and MayKao Hang, it has:

- Created the Business Bridge, which facilitates connections between the procurement functions of large corporations and smaller potential suppliers located in the region. As a result of this effort, participating businesses added more than $1 billion to their spending with local businesses in two years—a year ahead of their goal.

This is about Itasca
Doing well by doing good: A leader’s guide | McKinsey & Company

I'm not sure I understand correctly what "participating businesses added more than $1 billion to their spending with local businesses" means.
Does it mean that large local corporations and smaller local companiesbusinesses spent more than $1 billion on buying things from other local companies?
If yes, why is it described as some kind of achievement?

Thank you.
 
  • PaulQ

    Banned
    UK
    English - England
    Large businesses in the area increased the money1 that they spent on buying goods and services from smaller local businesses by over $1bn.

    1 or spent that money locally in preference to buying goods and services from more distant businesses.
     
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