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Equity in Infrastructure Project (EIP)
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Equity in Infrastructure Project (EIP)

https://equityininfrastructure.org/
Last activity: 14.11.2023
Active
Categories: BusinessEnvironmentalFinTechGovTechInfrastructureInterestInvestmentPublicSocialTransportation
The Equity in Infrastructure Project (EIP) exists to improve public contracting practices by creating more opportunities for Historically Underutilized Businesses (HUBs) to build generational wealth and reduce the racial wealth gap by creating more prime, joint venture and equity contracting opportunities for these firms. Through our Pledge, EIP works to secure commitments from public agencies to increase the number, size and scope of contracts going to HUBs by facilitating access and reducing barriers to compete for business. 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 answer President Biden’s call to leverage infrastructure spending to build wealth in underserved communities. EIP receives generous support from Social and Environmental Entrepreneurs, Social Impact Fund, HNTB and The James Irvine Foundation. Initially, five First Mover agencies joined to help shape the pledge, identify initial projects of interest and prove the concept. They are: -Chicago Transit Authority – Dorval R. Carter, Jr., President -Denver International Airport – Phillip A. Washington, CEO -Port of Long Beach – Mario Cordero, Executive Director -Metropolitan Water District of Southern California – Adel H. Hagekhalil, General Manager -Southeastern Pennsylvania Transportation Authority (SEPTA) – Leslie S. Richards, General Manager and CEO Additional entities, such as the leading AEC firm STV, have signed onto the Pledge -- visit EquityInInfrastructure.org for more information and updates.
Mentions
2

Overview

Location
United States, District of Columbia, Washington
Employees
1-10

Mentions in press and media 2

DateTitleDescription
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Mar 3, 2023Delaware Joins Equity in Infrastructure ProjectSecretary of Transportation Nicole Majeski joined Under Secretary of Transportation for Policy Carlos Monje and Department of Transportation officials from four other states this week to sign the Equity in Infrastructure Project (EIP) pledg...

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FAQ about Equity in Infrastructure Project (EIP)

What has the press written about Equity in Infrastructure Project (EIP)?

Parsers VC has collected 2 articles mentioning Equity in Infrastructure Project (EIP), among them “Delaware Joins Equity in Infrastructure Project” (Mar 3, 2023).

Is Equity in Infrastructure Project (EIP) still active?

Yes, Equity in Infrastructure Project (EIP) is active; its latest activity on Parsers VC dates from Nov 14, 2023.