
Philly Navy Yard developers promise $1 billion for diversity
The developers pursuing a $2.6 billion project at the South Philadelphia Navy Yard said they are committing $1 billion of that money to hiring workers and contractors from underrepresented groups and taking other diversity measures over the next two decades.
Mosaic Development Partners and Ensemble Real Estate Investments will open the project to underrepresented investors and put $1 million into a charitable foundation to support the development of minority- and women-owned firms. Executives also promised to make available a quarter of the retail sites to women, minority, veteran, and disabled business owners with subsidized leases, the team said Tuesday. | From The Inquirer (Read more.)