Johns Hopkins has set new three-year goals to continue promoting economic equity for racial minorities, women and veterans in Baltimore.
The university and health system said Jan. 29 that they will boost hiring from city neighborhoods deemed in need of opportunities in selected roles to 50 percent. They also have committed to focusing more on the career advancement and growth of new hires, and to buying more from local, minority- women- and veteran-owned companies.
Johns Hopkins said 20 percent of addressable construction spending by the university and health system will be done with certified minority-owned, women-owned, disadvantaged businesses. A minority-owned firm will also manage at least $75 million of the Johns Hopkins endowment.
"Our new goals apply the lessons learned so we can expand and better target our efforts, creating more jobs and opening more pathways to economic opportunity for our neighbors and their families," Johns Hopkins University President Ronald J. Daniels said in a news release.
The Johns Hopkins effort is part of the HopkinsLocal initiative to "build, hire and buy" in Baltimore.
Since the effort launched in 2015, the university and health system said they have hired 1,457 city residents, brought an additional $113 million to Baltimore vendors, and committed tens of millions annually to minority-owned, women-owned and disadvantaged businesses in the design and construction industry.
More information about the effort is available here.