Chariot Companies, a minority-owned, mission-based diversified community development entity headquartered in Philadelphia, today introduced City Council to its bold plan to create a legacy public-private partnership (P3) for the Philadelphia Gas Works (PGW).
As Council rethinks a structured agreement for PGW, this plan outlines what P3 opportunities exist, and serves as a blueprint for the region as Philadelphia reimagines itself as a world energy hub, community development pacesetter, and model of innovation.
John Henry, Chariot’s founder and CEO, sees the energy hub changing the trajectory for working class families and people of color. “My social impact business model for each Chariot company is grounded in shared-value creation to focus on providing solutions to empower Philadelphia’s low-wealth communities while bringing a sophisticated, minority-owned perspective into business opportunities, stated Henry. Our approach leverages a PGW public-private partnership that impacts all sectors of the Philadelphia economy and social fabric.”