Title
A RESOLUTION CONCERNING ESTABLISHMENT OF THE PRINCE GEORGE’S COUNTY COMMUNITY WEALTH BUILDING COMPACT for the purpose of encouraging the creation of the Prince George’s County Community Wealth Building Compact, a voluntary public-private initiative that encourages anchor institutions to commit to local procurement goals, specifically increased contracting with Black-owned businesses and to participate in a broader County-led effort to build equitable, community-based economic development.
Background
This legislation encourages the creation of a community wealth building compact and puts forth suggested guidelines for its operation.