News and Press

Collectively We Rise: The Business Case for Economic Inclusion in Baltimore

This new report highlights ongoing initiatives to create jobs through economic inclusion in Baltimore.  Through interviews, it documents best practices and finds that the strategies create benefits for individuals, businesses and institutions.  The report calls for broader participation by businesses and institutions as well as people-focused investments and policies.

Collectively We Rise:  The Business Case for Economic Inclusion in Baltimore

June 2018 | Author: Scott Hebert | Data Analysis: University of Baltimore Jacob France Institute

“Economic inclusion” is about taking proactive steps to identify and remove barriers that have denied segments of Baltimore’s population, and particularly persons of color, pathways to economic opportunity and advancement. This report presents the case of why in it’s the self-interest of every Baltimore business and the region’s educational and healthcare “anchor” institutions to incorporate economic inclusion efforts as part of their standard business practices. The report uses a variety of case studies and testimonials from Baltimore business representatives actively engaged in inclusion to illustrate the concrete economic benefits of those activities for individuals businesses, and institutions, and for the Baltimore region as a whole. The publication presents evidence demonstrating not only that businesses and anchor institutions can engage in the economic inclusion work without negatively affecting their bottom lines – but also that such activities actually provide many opportunities for businesses to enhance their brands, markets and sales. The report also outlines a broad range of tested strategies that businesses and anchor institutions, working in partnership with each other, community organizations and leaders, and government entities, can use to maximize the effectiveness and impact of their economic inclusion efforts.

 

Report Documents
Full Report (PDF)

Appendix 1: Profiles of BIP Anchor Institution Economic Inclusion Activities (PDF)

Appendix 2: Minority- and Black/African American-owned Business Analysis (PDF)

Appendix 3: Selected National Reports and Reports from Other States Examining Economic Inclusion Issues (PDF)

Press Release (PDF)

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The BIP is posting and featuring chapters excerpted from the full report above. Below are the sections that are now available.
What is Economic Inclusion – And Why Is This Concept So Important for Baltimore? (Chapter 1)
    Defining Economic Inclusion
    The Historic Roots of Poverty in Baltimore
    The Fallout from Disinvestment and Discriminatory Practices
    Strengths to Build On
Why Should Baltimore Businesses and Anchor Institutions Care About Promoting Economic Inclusion? (Chapter 2)
    The Benefits of Economic Inclusion
    The Benefits from Economic Inclusion Efforts for Individual Businesses or Anchor Institutions
What Can Baltimore Businesses and Anchor Institutions Do to Promote Greater Economic Opportunity?(Chapter 3)
    Profiles of Economic Inclusion Efforts by Small and Medium-Sized Baltimore Businesses
    Profiles of Economic Inclusion Efforts by Larger Businesses and Anchor Institutions
    Profiles of Economic Inclusion Activities Conducted by Larger Partnerships
    Other Efforts that Support Economic Inclusion
What Lessons Can Baltimore’s Prior Economic Inclusion Efforts Offer Us? (Chapter 4)
    Changing the Internal Institutional Culture
    Engaging with Community
    Capacity to Undertake Economic Inclusion
    Finding Qualified Firms
    Finding Qualified Labor
    Persistent Challenges
What Is The Role of Government In Fostering Increased Economic Inclusion In The Baltimore Region? (Chapter 5)
    City of Baltimore Economic Inclusion Programs and Tools
    State of Maryland Economic Inclusion Programs and Tools
Conclusions And Key Recommendations
    Why Increased Business Engagement and Expanded Economic Inclusion Efforts Are So Necessary?
    How Can Other Businesses and Anchor Institutions Get Engaged?
    Suggested Actions for Baltimore-Area Businesses and Anchor Institutions Interested in Economic Inclusion Efforts
    What Additional Actions Can Baltimore Stakeholders Take To Foster Broader Economic Inclusion Efforts?
    Conclusions

 

 

bipabagCollectively We Rise: The Business Case for Economic Inclusion in Baltimore