Coalition on Inclusive Economic Growth Applauds the Department of Commerce’s Robust and Equitable Business Diversity Principles Initiative

Last week, the Coalition on Inclusive Economic Growth wrote a letter to the Department of Commerce sharing support for the establishment of the Business Diversity Principles Initiative (“BDP Initiative”).

The 60+ members of the Coalition, co-led by the U.S. Impact Investing Alliance and B Lab, represent businesses, investors, and nonprofits, all of whom see the BDP Initiative as a step forward in advancing a more equitable economic landscape. 

The BDP Initiative provides the opportunity for the public and private sectors to partner in developing voluntary best practices for promoting an inclusive economy and economic growth in underserved communities. The BDP Initiative combats historic exclusion, discrimination and inaccessibility based on race, gender disability status and other factors and encourages robust action across the private sector. 

The signatories of the letter applaud the regulators for proposing a thoughtful and aligned framework. 

We look forward to continued engagement on these issues, and applaud the Department’s leadership in advancing the Business Diversity Principles Initiative.