It pays to be a business in Baltimore. That's the message that Johns Hopkins wants proprietors and their patrons to know as part of the institution's HopkinsLocal initiative to support and invest in local enterprises.
A new progress report on the institution's initiative to help strengthen the city's economy shows that Johns Hopkins exceeded goals it set two years ago to steer more construction and design contracts to minority- and women-owned businesses and disadvantaged businesses.
According to the progress report, $61.3 million, or 20.3 percent, of the university and health system's construction spending was committed to minority-owned, women-owned, or disadvantaged business enterprises in fiscal year 2017, exceeding the 20 percent the institution initially pledged to direct to the underrepresented businesses by fiscal year 2019.
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