Treasury and Investment Management
Collaborating to Diversify the City’s Broker-Dealer PoolDownload
Historically, minority-, woman-, and/or veteran-owned business enterprises (MWVBEs) have not played a significant role in the City of Grand Rapids’ investment portfolio, but as the result of an intentional effort to seek out these firms, approximately 30 percent of the city’s investment portfolio is now sourced from broker-dealer firms owned by people of color, women, and/or veterans. The success of this initiative can be tied back to the values of collaboration, equity, and innovation, as stated in the city’s strategic plan.
- Publication date: April 2023
- Author: Katie Ludwig