The San Francisco International Airport (SFO) today joined Bay Area transportation agencies in signing a pledge to increase equity in infrastructure projects.
At an Equity in Infrastructure Pledge Signing Event held today at the Milpitas Transit Centre, the Airport committed to increase economic opportunities for Historically Underutilized Businesses (HUBs) to build generational wealth and reduce the racial wealth gap by creating more prime, joint venture, and equity contracting opportunities for these firms.
Mike Nakornkhet, airport director said: “SFO is an economic engine for the San Francisco Bay Area, powering the employment and business opportunities that come from our infrastructure projects.
“We recognize that lifting up Historically Underutilized Businesses in our contracts is a powerful way to drive innovation, maximize the value of our infrastructure investments, and strengthen the fabric of our community.
“I am proud to stand with our Bay Area transportation agencies to build a more inclusive and equitable future for our region.”
The non-profit Equity in Infrastructure Project (EIP), co-founded in 2021 by Denver International Airport CEO Phil Washington and former U.S. Department of Transportation Deputy Secretary John Porcari, is a project of the Social Impact Fund, a 501 tax-exempt organization.
