Joined by Vice President Kamala Harris, U.S. Secretary of Commerce Gina Raimondo, and U.S. Small Business Administration Administrator Isabella Guzman, Greater Washington Partnership Announces $4.7 Billion Toward Advancing Inclusive Growth in the region, from Baltimore to Richmond.
… and counting in support for underrepresented communities and
Minority Business Enterprises in the region
Partnership organizations have collectively allocated a landmark $4.7 billion over five years to support underrepresented communities and Minority Business Enterprises (MBEs) in the region.
This landmark effort will be directed in three categories: Access to Capital, Supplier Diversity, and Racial Equity. Read more below.
U.S. Secretary of Commerce
Vice President of the United States
U.S. SBA Administrator
Through the combined strengths and assets of the leaders behind these efforts and commitments and the community partners impacted by them, this region is well-positioned to be a national model for cross-sector collaboration. The Partnership aims to leverage its resources – social, intellectual, and financial – to drive shared prosperity and economic opportunity across the region.
Delivering on the $4.7 billion effort will require both laser focus and sustained effort. As announced in April 2021, the Partnership is developing an Inclusive Growth Blueprint with support from Deloitte Consulting. The Blueprint will provide a 10-year roadmap to close the equity gaps in the region and advance shared prosperity. The Partnership’s collective action represents a reaffirmed commitment to ensuring that economic growth benefits all residents, regardless of zip code.
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$4.7 Billion Effort
Access to Capital
Supplier Diversity Regional Impact
- $2.6 billion in supplier diversity efforts and commitments will have a lasting impact across the region:
Generating $3.5 billion in revenue for small and medium-sized businesses
Creating and sustaining approximately 4,000+ jobs per year
Driving a cumulative GDP impact of approximately $2 billion
Why It Matters
Watch a Recap of the Event