Biden-Harris Administration Launches New Era in Public-Private Partnership
FACT SHEET
January 7, 2025
The White House
Today, the Biden-Harris Administration announced the launch of a new era in public-private partnerships (PPPs) with the release of a new FACT SHEET outlining key principles and goals for these partnerships. PPPs are a powerful tool for leveraging private sector expertise and resources to address critical public needs.
Key Principles
The Administration’s new approach to PPPs is guided by the following key principles:
- Transparency and Accountability: PPPs will be subject to rigorous transparency and accountability measures to ensure that they are in the public interest.
- Equity and Inclusion: PPPs will prioritize equity and inclusion, ensuring that all communities benefit from these partnerships.
- Innovation and Efficiency: PPPs will foster innovation and efficiency by leveraging the expertise and resources of the private sector.
- Long-Term Sustainability: PPPs will be designed to ensure long-term sustainability and provide lasting benefits to the public.
Goals
The Administration has set the following goals for PPPs:
- Accelerate Infrastructure Development: PPPs will play a key role in accelerating the development of critical infrastructure, such as roads, bridges, and broadband networks.
- Promote Clean Energy and Climate Action: PPPs will support the development of clean energy projects and climate change mitigation strategies.
- Expand Access to Healthcare and Education: PPPs will improve access to affordable healthcare and quality education for all Americans.
- Create Jobs and Economic Growth: PPPs will create jobs and stimulate economic growth by attracting private investment in critical sectors.
New Initiatives
The Administration is launching several new initiatives to support PPPs, including:
- The Public-Private Partnership Advisory Council: The Council will provide expert advice to the Administration on the development and implementation of PPPs.
- The PPP Innovation Fund: The Fund will provide grants to support innovative PPP projects that address critical public needs.
- The PPP Best Practices Guide: The Guide will provide guidance to agencies on how to develop and manage PPPs effectively.
Conclusion
The Biden-Harris Administration is committed to a new era of public-private partnerships that are transparent, accountable, equitable, innovative, and sustainable. These partnerships will play a vital role in addressing critical public needs and creating a more prosperous future for all Americans.
Contact:
[White House Press Office]
FACT SHEET: Biden-Harris Administration Launches New Era in Public-Private Partnership
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