Closing the racial wealth gap in the Capital Region has the potential to unlock an estimated $35-50B in GDP by 2028.
The Greater Washington Partnership applies an inclusive growth lens in all its work – from transportation and infrastructure to equitable education opportunities. We recognize the need for active cross-sector collaboration to combat systemic racism and discrimination and to increase investment in underserved populations.
In June 2022, the Partnership launched the Regional Blueprint for Inclusive Growth, a 10-year roadmap to close equity gaps and make the region from Baltimore to Richmond the most inclusive economy in the country. The Blueprint was developed over a year-long process that included interviews with more than 200 public, private, and social sector stakeholders.
Our Inclusive Growth work began with a diagnostic conducted by Partnership Board Member company McKinsey & Company, to explore the opportunities and gaps in our region.
As the 3rd largest regional economy in the USA and the 7th largest in the world, we have the diverse talent, jobs, transportation, and innovation ecosystem needed to thrive.
The Capital Region is lagging other large cities and cross-jurisdictional regions nationwide when it comes to racial inclusion and geographic prosperity, and there is a lot of work to be done. Inclusive growth should be at the forefront of business decisions for every company across the Capital Region. This can only be done by breaking down long-term barriers to economic opportunity and then measuring impact to advance inclusive growth. Explore our Inclusive Growth Dashboard to learn more about the current state of equity and inclusion in the region.
The Inclusive Growth initiative will focus on:
- Supporting Diverse Small and Medium-Sized Businesses
- Supporting Diverse Innovation Ecosystems
- Fostering Better Employment Outcomes for Black & LatinX workforce
- Addressing Long-term Systemic Diversity, Equity, and Inclusion Organizational Barriers
Inclusive Growth Committee
Akin Gump Strauss Hauer and Feld LLP
Clark Construction Group