The Washington Center for Equitable Growth (Equitable Growth) is a research and grantmaking organization that advances left-of-center economic policies, particularly policies that claim to reduce economic disparities. The Center funds research that supports its agenda and works to make its findings accessible to lawmakers. ¹ Unlike other think tanks that allegedly rely on experts for research, the Center also issues grants to outside scholars and universities towards advocating its research. ²

Equitable Growth was founded in 2013 by long-time Democratic Party operative, Clinton administration White House Chief of Staff, and Center for American Progress (CAP) chair John Podesta. Podesta said he wanted the new organization and its research to be independent from CAP’s national Democratic establishment-aligned agenda. ³

The Biden administration has named Heather Boushey, the former president and chief executive officer of Equitable Growth who now sits on the Center’s steering committee, a member of the Council of Economic Advisers. ⁴

Background

In November 2013, the Center for American Progress (CAP), a left-of-center think with close ties to the Democratic Party, announced the launch of Equitable Growth. Founded in 2003, CAP had grown into a powerful counterpart to leading conservative groups such as the Heritage Foundation. At the time, Podesta said he wanted to “rethink the very idea of liberalism” and compete with conservative think tanks, which he claimed “dominated the country’s political dialogue.” ⁵ The Nation, a left-wing ideological publication, has described CAP as functioning somewhat like a “shadow government” of Democrats connected to the Clinton administration and preparing for an eventual Hillary Clinton presidency. ⁶

CAP’s announcement indicated that it would house Equitable Growth, and that Podesta, the chair of CAP, would sit as the new Center’s chair as well. Neera Tanden, the president of CAP and another career Democratic operative, promoted the new Center at its launch, as did prominent left-of-center economist and Harvard University professor Raj Chetty. ⁷

Equitable Growth became independent from CAP in October 2015. ²

Issue Areas

Economic Policies

The Center focuses on five main economic and social issues: competition, families, inequality and mobility, labor, and taxes and macroeconomics. Equitable Growth indicates that it supports competition in the private sector and opposes monopoly power, which it blames for inequality. According to the Center, monopolistic concentration is increasing in many American industries. ⁸ Equitable Growth charges that excess market power hurts consumers, workers, and businesses and pushes regulations on large corporations. The Center also claims “the harms of structural racism” continue to affect society, and that market power exacerbates them. ⁹

Equitable Growth research on family issues generally supports increasing government programs. Equitable Growth policy papers support using taxpayer funds to eliminate student loan debt, as well as expanding wealth transfer programs like the Supplemental Nutritional Assistance Program (SNAP). ¹⁰

Equitable Growth alleges increasing wealth disparities, especially between different demographic groups, to push for more research and data analysis focused on race. The Center also supports laws to increase the minimum wage as a tool for advancing left-of-center societal objectives related to race. ¹¹ Equitable Growth supports policies that increase the power of organized labor. ¹² The Center also claims that extending unemployment benefits will help the United States economy in the long term. ¹³

The Center generally supports increasing tax rates and imposing economic regulations. ¹⁴

Diversity, Equity, and Inclusion (DEI)

Equitable Growth claims it advocates in favor of researching the “lived experience and legacy of structural racism” while claiming “Structural racism and gender discrimination play an outsized role in persistent and rising economic inequality in the United States.”  ¹⁵

Impact

Since its founding, Equitable Growth has funded the work of more than 150 left-of-center economics scholars. ¹ In 2018, the Center issued grants ranging in value from $15,000 to $70,000 to more than a dozen universities across the country. ² In 2020, Equitable Growth announced that it would issue just over $1 million in research grants to promote research on left-of-center economic policies focused on economic stability and disparities. ¹⁶ Equitable Growth also said that it would be increasing its emphasis on race-based issues and giving greater priority to ethnic minority scholars following the Black Lives Matter-associated protests and riots in the summer of 2020. ¹⁷

Leadership

John Podesta founded both the Center for American Progress (CAP) and Washington Center for Equitable Growth and initially ran the center when it was part of CAP. Before CAP, Podesta served as Chief of Staff to former President Bill Clinton. He later served as counsel to former President Barack Obama and worked as chair of the Hillary Clinton 2016 presidential campaign. ¹⁸

Heather Boushey co-founded Washington Center for Equitable Growth with Podesta. She worked as chief economist for the Hillary Clinton 2016 presidential campaign and has studied economic policy at liberal and labor-union-aligned think tanks including CAP, the Center for Economic Policy Research, and the Economic Policy Institute. Boushey worked as the Center’s president and CEO from 2013 until late 2020, when the incoming Biden administration selected her to sit on the Council of Economic Advisers. ^{19 20} Equitable Growth was searching for a new CEO as of January 2021. In the interim, the Center’s vice president and senior leadership are in charge. ²¹

Shayna Strom is the president and CEO of Washington Center for Equitable Growth, a position she has held since September 2022, and works as an independent consultant for nonprofits. From September 2020 to January 2021, Strom was deputy lead on the appointments team of the Biden-Harris Transition. From 2017 to 2020, Strom worked in several positions with the at the American Civil Liberties Union (ACLU), while in 2017, Strom worked as a senior advisor to the Indivisible Project. From 2014 to 2015, she served as the director of U.S policy for the Open Philanthropy Project. From 2010 to 2014, Strom worked in the Obama administration as chief of staff and senior counselor to the Administrator of the Office of Information and Regulatory Affairs in the Office of Management and Budget. Prior to this, Strom served as Judiciary Committee Counsel to then-U.S. Senator Al Franken (D-MN). In addition, Strom has lectured at Johns Hopkins University, Sarah Lawrence College, and the Biden Institute at the University of Delaware. ^{22 23}

The steering committee of the Washington Center for Equitable Growth advises the center’s grantmaking program and builds connections with left-of-center economists and academics. ²⁴

As of December 2024, members of the Center’s steering committee include Massachusetts Institute of Technology (MIT) economist Daron Acemoglu as well as professors from Princeton University, Harvard University, the Harvard Kennedy School, Ohio State University, Columbia University, and Dartmouth College. ²⁵ Former members of the steering committee include former Federal Reserve Chair and Biden administration Treasury Secretary Janet Yellen and MIT economist Robert Solow. ^{26 25}

Casey Schoeneberger was the vice president of Equitable Growth. Her previous work experience includes roles at left-of-center Christian organizations and the AmeriCorps public service program. ²⁷

Raj Chetty is a prominent economics professor at Harvard University and a former steering committee member. He previously taught at the University of California, Berkeley and Stanford University. ²⁸

The Center’s research advisory board helps set Equitable Growth’s research priorities. The board includes left-of-center academics, current and former government officials, and think tank scholars. ²⁹ As of December 2024, Equitable Growth’s board consists of  Opportunity@Work CEO Byron Auguste, Sandler Foundation president Steve Daetz, National Economic Council deputy director Sameera Fazili, NFL Players Association managing director Ira Fishman, and American Rights at Work founding executive director Mary Beth Maxwell. ³⁰

Harvard University economics professor Lawrence Katz was a member of the board. Katz previously served as Chief Economist for the Department of Labor during President Clinton’s first term. He has also been a fellow at the National Academy of Sciences and the American Academy of Arts and Sciences. Katz received a Ph.D. in economics from the Massachusetts Institute of Technology in 1985. ³¹

University of California, Berkeley public policy professor and left-of-center public figure Robert Reich was a member of the board. Reich previously served as Secretary of Labor in the Clinton administration. He also founded the left-of-center American Prospect magazine and is a member of the American Academy of Arts and Sciences. Reich received his master’s degree as a Rhodes Scholar at Oxford University and his J.D. from Yale Law School. ³²

Former Canadian Deputy Prime Minister and Minister of Finance Chrystia Freeland, a member of that country’s left-of-center Liberal Party, was a member of the board. Freeland has also held editorial positions with the Financial Times, The Globe and Mail, and Thomson Reuters. ³³

Unionization

Equitable Growth’s employees are represented by Nonprofit Professional Employees Union-International Federation of Professional and Technical Engineers Local 70. ¹⁵

Before 2016, Equitable Growth had an annual revenue of less than $2 million. In 2016 and 2017, the Center generated more than $5 million in contributions each year. 2018 contributions jumped to just over $9.4 million. ³⁴

In 2022, Equitable Growth had revenues of $6,193,469, expenses of $8,996,793, and remaining assets of $7,907,783. ³⁵

In 2021, the last year that Equitable Growth released a public annual report on its website as of December 2024, the organization earned over $8 million in revenue and spent about the same. That year, it made $1.4 million in grants to 62 researchers. ³⁶

Funding

The William and Flora Hewlett Foundation issued a grant worth $800,000 to Equitable Growth in 2024 for “general support/organization.” ³⁷

The Ford Foundation issued seven grants worth a total of almost $3.6 million to Equitable Growth from 2016 to 2024. In 2015, the Ford Foundation also made a $200,000 grant to CAP to support Equitable Growth. ³⁸

The Wyss Foundation issued a grant worth $1.2 million to Equitable Growth in 2022. ³⁹

The William and Flora Hewlett Foundation issued two $2 million grants to Equitable Growth in 2018 and 2020 for “general operating support.” ⁴⁰

The Open Philanthropy Project issued two grants, worth $100,000 and $750,000, to Equitable Growth in 2018 and 2019 for “macroeconomic stabilizing policy.” ⁴¹

The Alfred P. Sloan Foundation issued a grant worth $249,917 to Equitable Growth in 2019 for research. ⁴²

The Gates Foundation issued a grant worth $1,321,813 to Equitable Growth in 2019 to fund research into American economic mobility. ⁴³

The Russel Sage Foundation issued five grants, worth between $19,500 and $100,007, to Equitable Growth between 2014 and 2018 for various specific research projects. ⁴⁴

Equitable Growth has also received funding from the Omidyar Network, the Sandler Foundation, the James M. and Cathleen D. Stone Foundation, Partners for a New Economy, the JPB Foundation, and the Economic Security Project. ³⁶

1. “About Us,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/who-we-are/about-us/
2. Washington Center for Equitable Growth Inc, Form 990, Internal Revenue Service, 2018. Accessed January 13, 2021. https://projects.propublica.org/nonprofits/display_990/474464400/01_2020_prefixes_47-51%2F474464400_201812_990_2020012917081473
3. Dan Kervick, “The Washington Center for Equitable Growth – Neoliberalism Reloaded?,” New Economic Perspectives, November 6, 2013. Accessed January 13, 2021. http://neweconomicperspectives.org/2013/11/washington-center-equitable-growth-neoliberalism-reloaded.html
4.    “Heather Boushey,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/people/heather-boushey/
5. Matt Bai, “Notion Building,” New York Times, October 12, 2003. Accessed January 13, 2021. http://www.nytimes.com/2003/10/12/magazine/notion-building.html?sec=&spon=&pagewanted=1
6. Bob Dreyfuss, “An Idea Factory for the Democrats,” The Nation, February 12, 2004. Accessed January 13, 2021. https://www.thenation.com/article/archive/idea-factory-democrats/
7. “Launch of the Washington Center for Equitable Growth,” Center for American Progress, November 15, 2013. Accessed January 13, 2021. https://www.americanprogress.org/events/2013/11/04/78714/launch-of-the-washington-center-for-equitable-growth/
8. “Competition,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/issue/competition/
9.   “Restoring competition in the United States,” Washington Center for Equitable Growth, November 19, 2020. Accessed January 13, 2021.https://equitablegrowth.org/research-paper/restoring-competition-in-the-united-states/
10. “Families,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/issue/families/
11. “Inequality & Mobility,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/issue/inequality-mobility/
12. “Labor,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/issue/labor/
13. Alix Gould-Werth, “The long-run implications of extending unemployment benefits in the United States for workers, firms, and the economy,” Washington Center for Equitable Growth, December 3, 2020. Accessed January 13, 2021. https://equitablegrowth.org/the-long-run-implications-of-extending-unemployment-benefits-in-the-united-states-for-workers-firms-and-the-economy/
14. “Tax & Microeconomics,” Washington Center for Equitable Growth. Accessed January 13, 2021.https://equitablegrowth.org/issue/tax-macroeconomics/
15. “About Us.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://equitablegrowth.org/who-we-are/about-us/.
16. Korin Davis, “Equitable Growth announces record $1.07 million in research grants on inequality and broadly shared growth,” Washington Center for Equitable Growth, August 31, 2020. Accessed January 13, 2021. https://equitablegrowth.org/equitable-growth-announces-record-1-07-million-in-research-grants-on-inequality-and-broadly-shared-growth/
17. Erica Handloff, “Washington Center for Equitable Growth awards $1.1 million to scholars exploring how economic inequality impacts economic growth and stability,” Washington Center for Equitable Growth, August 31, 2020. https://equitablegrowth.org/press/washington-center-for-equitable-growth-awards-1-1-million-to-scholars-exploring-how-economic-inequality-impacts-economic-growth-and-stability/
18. “John Podesta,” Washington Center for Equitable Growth. Accessed January 13, 2021.
19. “Heather Boushey,” Washington Center for Equitable Growth. Accessed January 13, 2021.
20. Brakkton Booker, “President-Elect Biden Names Core Members Of His Economic Team,” National Public Radio, November 30, 2020. Accessed January 13, 2021. https://www.npr.org/sections/biden-transition-updates/2020/11/30/940103628/president-elect-biden-names-more-members-of-his-economic-team
21. Elena Waskey, “Washington Center for Equitable Growth CEO Joins Biden-Harris Transition Team, Search for New CEO Underway,” Washington Center for Equitable Growth, December 11, 2020. Accessed January 13, 2021. https://equitablegrowth.org/press/washington-center-for-equitable-growth-ceo-joins-biden-harris-transition-team-search-for-new-ceo-underway/
22. “Shayna Strom.” LinkedIn. Accessed December 4, 2024. https://www.linkedin.com/in/shayna-strom-4004049/.
23. “Shayna Strom.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://equitablegrowth.org/people/shayna-strom/.
24.  “Steering Committee,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/who-we-are/steering-committee/
25. “Steering Committee.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://equitablegrowth.org/who-we-are/steering-committee/.
26. ^[1] “Impact Report 2021.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://equitablegrowth.org/wp-content/uploads/2022/10/2021-Annual-Report-Equitable-Growth.pdf.
27. “Casey Schoeneberger,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/people/casey-schoeneberger/
28.  “Raj Chetty,” Washington Center for Equitable Growth. Accessed January 13, 2021.
29. “Research Advisory Board,” Washington Center for Equitable Growth. Accessed January 13, 2021.
30. ^[1] “Board.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://equitablegrowth.org/who-we-are/board/.
31. “Larry Katz,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/people/larry-katz/
32. “Robert Reich,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/people/robert-reich/
33. “Chrystia Freeland,” Washington Center for Equitable Growth. Accessed January 13, 2021. https://equitablegrowth.org/people/chrystia-freeland/
34. “Washington Center for Equitable Growth Inc,” ProPublica. Accessed January 13, 2021. https://projects.propublica.org/nonprofits/display_990/474464400/01_2020_prefixes_47-51%2F474464400_201812_990_2020012917081473
35. “Washington Center for Equitable Growth Form 990.” ProPublica. Accessed December 3, 2024. https://projects.propublica.org/nonprofits/organizations/474464400/202333109349302198/full.
36. “Impact Report 2021.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://equitablegrowth.org/wp-content/uploads/2022/10/2021-Annual-Report-Equitable-Growth.pdf.
37. “Washington Center for Equitable Growth.” William and Flora Hewlett Foundation. Accessed December 4, 2024. https://hewlett.org/grants/washington-center-for-equitable-growth-for-general-operating-support-6/.
38. “Grants Database.” Ford Foundation. Accessed December 4, 2024. https://www.fordfoundation.org/work/our-grants/awarded-grants/grants-database/?search=Washington+Center+for+Equitable+Growth.
39. “Grant in the Spotlight: Washington Center for Equitable Growth.” Wyss Foundation. June 27, 2022. Accessed December 4, 2024. https://www.wyssfoundation.org/news/grant-in-the-spotlight-washington-center-for-equitable-growth.
40. “Washington Center for Equitable Growth – For General Operating Support,” William and Flora Hewlett Foundation. Accessed 13 January 2021. https://hewlett.org/grants/washington-center-for-equitable-growth-for-general-operating-support-2/
41. “Grants.” Washington Center for Equitable Growth. Accessed December 4, 2024. https://www.openphilanthropy.org/grants/?q=%22Washington+Center+for+Equitable+Growth%22.
42. “Washington Center for Equitable Growth.” Alfred P. Sloan Foundation. Accessed December 4, 2024. https://sloan.org/grant-detail/G-2019-12403.
43. ^[1] “Washington Center for Equitable Growth Inc.” Bill and Melinda Gates Foundation. Accessed December 4, 2024. https://www.gatesfoundation.org/about/committed-grants/2019/11/inv003455.
44. “Washington Center for Equitable Growth.” Russel Sage Foundation. Accessed December 4, 2024. https://www.russellsage.org/research/washington-center-equitable-growth.