VP Kamala Harris hails DC corporations’ $4.7B equity initiative – The Washington Post – DC Initiative on Racial Equity
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Some of the biggest corporate power players in the D.C. region are pledging billions of dollars to benefit minority-owned businesses in the area — a move that Vice President Harris on Wednesday touted as a model for metro areas nationwide.

At an event at Howard University, Harris said the $4.7 billion commitment for “inclusive growth,” an effort convened by the Greater Washington Partnership, can and should be replicated by the private sector elsewhere.

“The role modeling you are doing will benefit people around the country,” she told partnership members and local business leaders Wednesday. “Our collective goal is to create an economy in which every person, wherever they live, has the opportunity to succeed and to thrive.”

As part of the pledge, 25 local heavyweights including Capital One, Dominion Energy, Inova Health and the Washington Commanders have committed to boost spending on deals with minority-owned suppliers, invest in affordable-housing efforts and give money to lending organizations that focus on underrepresented populations.

Of the country’s 53 largest metro areas, Washington ranked 51st over the past decade in “racial inclusion,” a measure of income and employment disparities between non-Hispanic White


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