Here’s what we know about the Greater Washington Partnership’s $4.7B investment in minority-owned businesses

This week, the Greater Washington Partnership announced a $4.7 billion investment over the next five years to support equitable business growth in the region from Richmond to Baltimore. The massive pledge leaves a lot of room for discretion on the part of the 25 entities who pledged to contribute. All told, the investment includes $2.6 billion that those entities will put toward procurement spending with diverse suppliers and Minority Business Enterprises in the region, as well as $1.5 billion for “wealth building opportunities in underrepresented communities,” such as affordable housing.