World Economy

$1b for Farms, Small Businesses

$1b for Farms, Small Businesses$1b for Farms, Small Businesses

Sodexo is one of the world’s largest companies, but it’s planning to use small businesses in a big way. This week, the food service operations and facilities management company vowed to pump $1 billion into 5,000 local farms and other small business around the world. Sodexo will partner with over 150 organizations in 40 countries to help identify its local partners. Over the next three years, the company will purchase goods from small and medium-sized firms, putting the products into schools, businesses, government offices and sports buildings that it distributes to. The commitment will also focus on helping women-owned and operated small businesses (roughly 1,500).