18th annual National Black Business Month tm
Maryland No. 3: Speaker proposes Black Economic Agenda
In Maryland, the third ranked state in the Black Business Affinity Index, House Speaker Adrienne Jones introduced a Black Racial and Economic Agenda in January.
The bill will require any company receiving State capital funding over $1 million to demonstrate racial diversity on its board and in its mission; mandate any company doing business with the State to demonstrate racial diversity on their board beginning in FY23; and create a State equity scorecard that shows a corporation’s diversity and spending that go to minority businesses.
On March 24, legislation was approved over the opposition of Gov. Larry Hogan that authorized $577 million over ten years in supplemental funding for Maryland's Historically Black Colleges and Universities in the settlement of a 15-year lawsuit.
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