The Boston Consulting Group plans to contribute $3.5 million per year in pro bono consulting services to support inner-city development projects in the United States.
The commitment is open-ended, says BCG's president and CEO Carl Stern, and the firm will continue to provide the services as long as it takes.
"Relocating urban problems has no benefit for our nation as a whole," he said at a banquet honoring the Initiative for Competitive Inner Cities (ICIC). "We will help inner cities develop in a way that provides jobs and wealth for the people who live there now. We want to build people up, not move them out."
The ICIC is a national, not-for-profit organization chaired and founded by Harvard Business School professor Michael Porter. BCG is one of the organization's founding national partners.
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