Advancing the Biden-Harris Administration’s Priorities on Economic Recovery, Climate and Racial Equity in Partnership with Investors and Business

The Biden-Harris Administration has inherited a multitude of crises, from the pandemic and economic recession, to systemic racial injustices and a crisis of Democracy. Building back better will be a challenge, and so policymakers must leverage every tool at their disposal to ensure success.

The U.S. Impact Investing Alliance, along with our partners at B Lab and a growing coalition of over 45 organizations, propose the creation of a White House Initiative on Inclusive Economic Growth, staffed at the NEC, that could play a central coordinating role in promoting equitable economic policy across the Administration. The initiative would specifically seek to bring investor and business representatives to the table, ensuring that the private sector is engaged in the inclusive growth agenda.

This coalition of organizations is focused on stakeholder capitalism, corporate social and environmental impact, sustainable finance, community development finance, and capital markets structural reform. The coalition prioritizes economic policy proposals organized around two broad frames: 1) a shift to stakeholder capitalism, in which laws and regulations take into account a corporation’s impact on multiple stakeholders – not just shareholders and 2) a renewed focus on community investing that provides greater and more equitable access to capital.

The coalition is currently engaging with Congressional offices and members of the Administration to build support for the White House Initiative and to share our vision for inclusive economic policymaking. Together, we hope to advance the Administration’s priorities around economic recovery, racial equity, and climate resilience.

For more information, please contact policy@bcorporation.net.