Rockefeller Foundation welcomes new Economic Opportunity Coalition Member: Xcel Energy
NEW YORK – The Rockefeller Foundation announced Feb. 12 that Xcel Energy has joined the Economic Opportunity Coalition (EOC). Facilitated by RF Catalytic Capital Inc. (RFCC), The Rockefeller Foundation’s public charity, the EOC is a public-private partnership with the U.S. government designed to align and catalyze investments in underserved communities and create wealth, with a priority placed on supporting small businesses and expanding access to capital. Xcel Energy, which is headquartered in Minneapolis, Minn., and active in eight Western and Midwestern states, also committed to allocating 15% of its U.S.-based contract spending in the areas of energy supply, distribution and transmission, and clean energy to small and underserved businesses by 2025.
“As we transition toward a cleaner energy economy, it’s critical to not leave communities behind. Xcel Energy is proud to lead the way among energy companies in enhancing our supplier diversity commitment,” said Bob Frenzel, chairman, president, and CEO of Xcel Energy. “We are joining the EOC to bolster a national effort to support small and diverse-owned businesses.”