In 2022, Johns Hopkins University and Johns Hopkins Health System outlined its goals for supporting economic inclusion in the City of Baltimore through fiscal year 2026. The institutions committed to:
- Achieve 20% of addressable spend with minority- and women owned businesses and 20% with local businesses. Expand technical assistance programs and engagement to increase access and support the growth of businesses in design and construction.
- Increase local hiring to 52%. Expand higher-paid positions, and increase hires making between $50,000 – $75,000. Develop programming to support the retention and career advancement of local hires.
- Increase spending with local businesses by $25 million with an emphasis on minority- and women-owned companies. Establish partnerships to support minority and women-owned businesses in Baltimore, including the provision of training.
- Increase the investment of the Johns Hopkins endowment with diverse and women-owned investment firms by $150 million. Partner with our Baltimore-based banking relationships to support small minority-owned businesses participating in Johns Hopkins-sponsored programs, including access to capital.
Read more about Johns Hopkins’ plans to achieve these goals and related efforts: