Inclusive growth is a moral and economic imperative. Customers and citizens are demanding that organizations and governments commit to advancing racial and social justice. Companies and regions that do not meaningfully invest in all sectors of the population risk losing competitiveness and talent.
Source: McKinsey & Company
By investing to promote economic opportunity and pathways to mobility, the Capital Region can build upon the region’s rich diversity and assets and foster competitiveness. Cities that prioritize inclusivity achieve longer-term growth by becoming a magnet for talent, business, and investment in the region, and failing to do so can lead to negative outcomes. It is estimated that closing the racial wealth gap in the Capital Region has the potential to unlock $35-50B in GDP by 2028.
The Partnership is committed to promoting sustainable, shared prosperity, and long-term growth. The companies that comprise the Partnership’s Board have reaffirmed and greatly enhanced their organizational commitments for racial justice and support for historically marginalized communities. The Partnership is making Inclusive Growth a core pillar of work, and embedding diversity, equity, and inclusion into all that we do.
Moving forward, the Inclusive Growth initiative will focus on:
- Support Small and Medium-Sized Businesses
- Support Diverse Innovation Ecosystems
- In Partnership with our Skills & Talent Initiative, Foster Better Employment Outcomes for Black & LatinX workforce
- Address Long-term Systemic Diversity, Equity, and Inclusion Organizational Barriers
In particular, the Partnership will support areas with identified regional needs, high potential for impact, and alignment with the organization’s capabilities.
Inclusive Growth Committee Members
Partner in charge of the Washington, DC office of Akin Gump Strauss Hauer and Feld LLP
Carmine Di Sibio
The Committee has recruited community advisors to share their insights and perspectives on regional challenges and opportunities, representing the Partnership’s core regions – Maryland, D.C. , and Virginia – and come from across the nonprofit and private sectors. The advisors are: