For commercial projects that receive financial assistance from the city, Baltimore typically requires that 37 percent of the businesses hired to complete the project be minority- or women-owned. But Beatty Development Group, the firm that is looking to develop Harbor Point, has already set its own hiring goal at 38 percent, a move that the president of the Maryland Washington Minority Companies Association called “very forward-thinking.”
And according to Shina Parker, president of the African American Commercial Real Estate Professionals Association, Beatty Development has already demonstrated its commitment to hiring minorities.
The firm has also voluntarily adopted local hiring goals in their bid, promising that Baltimore residents make up at least 20 percent of all laborers and 51 percent of new hires.
Hiring goals won’t come from the city until after the City Council votes on the tax-increment financing plan on Sept. 9.
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