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.


As of June 2024, over $3.2 billion of the $4.7 billion goal has been invested in underrepresented communities and small and diverse businesses.

In just two years, participating Partnership organizations have already reached more than 69% completion of the five-year commitment. These collective investments include:


Read the Press Release                     View the Impact Snapshot

U.S. Secretary of Commerce

“Homogeneity is the enemy of diversity, is the enemy of innovation. If we are going to unlock the full potential of our economy, then we have to be committed to equity.” - Gina M. Raimondo

Vice President of the U.S.

“The mission of the Greater Washington Partnership — the $4.7 billion investment announced today, over $600 million will go to community lenders — is a major step forward. It is a model that can and should be replicated around our nation.” - Kamala D. Harris

U.S. SBA Administrator

“As we work together to build a better America, strengthening competition so small businesses can have a fair shot, making more in America, and supporting innovations, we have to invest in undeserved communities.” - Isabella C. Guzman


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.

Watch the Video

$4.7 Billion Effort

Supplier Diversity

$2.6 billion will be directed in procurement spending to diverse suppliers, with a priority to spend with and small and diverse owned businesses. This effort both meets critical business needs and addresses systemic inequities that have created barriers to growth for these groups.


$1.5 billion for wealth-building opportunities in underrepresented communities, such as direct corporate investments in affordable housing and in community organizations that are leading place-based equity initiatives.

Access to Capital

$619 million for financial investments to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs). CDFIs and MDIs provide access to capital to underrepresented populations in the form of loans and strategic financing in order to create economic opportunity.

Watch a Recap of the Launch Event



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.

Interested in joining this historic effort? Please contact [email protected] 

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