What EIP Does
By signing our pledge, public agencies commit to actions that advance our mission to build generational wealth and reduce the racial wealth gap by creating more prime, joint venture and equity contracting opportunities for HUBs. EIP also works with federal, state and local government, as well as NGOs and the private sector.
EIP was founded by Denver International Airport CEO Phillip A. Washington, former US Deputy Secretary of Transportation John D. Porcari and others in anticipation of the $1.2 trillion Infrastructure Investment and Jobs Act and to advance President Biden’s Justice40 Initiative and his executive order 13985 on Advancing Racial Equity and Support for Underserved Communities pledging to increase by 2026 the share of federal contracts that go to small and disadvantaged businesses. Our work is supported by Social and Environmental Entrepreneurs, Social Impact Fund, HNTB, STV, Anser Advisory, The Ewing Marion Kauffman Foundation and The James Irvine Foundation.
Supporters
Foundational Sponsorship
Platinum Sponsorship
Gold Sponsorship
Silver Sponsorship
Bronze Sponsorship
Pledge Signers
Let's Do Better Together
1%
BLACK-OWNED BUSINESS REVENUE
As a share of the revenue generated by white-owned businesses
$2trillion
Spent Annually
By federal, state, and local governments on goods, services and construction, making them key customers for businesses
18%
Share of U.S. businessES with employees
Owned by Black, Hispanic, Asian or Native Americans
9%
Share of all federal spending in FY2020
Spent on minority-owned small businesses