Joined by Vice President Kamala Harris, U.S. Secretary of Commerce Gina Raimondo, and U.S. Small Business Administration Administrator Isabella Guzman, in 2022 Greater Washington Partnership Announced $4.7 Billion Toward Advancing Inclusive Growth in the Region, from Baltimore to Richmond.

In just two years, participating Partnership organizations have already reached almost 70% completion of the five-year commitment. These collective investments include:

• More than $2.1 billion invested with diverse businesses through procurement and supplier diversity efforts;
• More than $1 billion invested in underserved communities through entrepreneurship programs, health equity and affordable housing initiatives; and
• More than $90 million directed to community development financial institutions (CDFIs) and minority depository institutions (MDIs) that provide capital to underrepresented populations.

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Through the combined assets of the leaders behind these efforts 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.

The Partnership was created to identify opportunities for greater economic competitiveness in the region. As these leading employers expand their presence throughout the Baltimore-Richmond corridor, they collectively reinforce the Partnership’s founding mission to spur inclusive growth and intentional investments in the regional economy.

Thank you to the initial organizations whose collective $4.7 billion in efforts and commitments will serve as a catalyst to drive transformational change across the region.