Please join thought leaders from business, nonprofit, public, and academic sectors to work together on actionable solutions that will create a stronger community and a brighter future.
How can we build a stronger, more vibrant future for the Twin Cities? Many organizations and community leaders are leading the effort, but socioeconomic progress and parity in opportunity will require multiple partners to incorporate holistic solutions for systemic societal change and economic trajectory.
The U.S. Chamber of Commerce Foundation, PwC, and the Minnesota Chamber of Commerce will host a forum that explores how businesses can engage with the local community and collaborate with cross-sector partners to address income inequality in Minneapolis by using their expertise, resources, leadership, and data. The Forum is second in a nation-wide series and will provide an interactive platform for companies and their partners to discuss challenges and opportunities, as well as learn from successful collaborations and initiatives.
Public, private, and nonprofit investments in economic and community development have generated enormous growth and economic prosperity in the Twin Cities. The Minneapolis/St. Paul area leads among cities for high-paying jobs, quality education institutions, investment in research and development, picturesque community spaces, and accessibility to urban centers. To put this into perspective, by 2040 employment is predicted to grow 37 percent and the region’s gross metro product will reach a staggering $400 billion.
The goal of this forum is to determine how to translate this enormous growth potential into economic opportunity for all persons in the Twin Cities. Minnesota’s Latino, Black, and Asian populations have grown by 55 percent between 2000 and 2010, but evidence shows that they still experience a gap in economic opportunity. For example, in 2014, 15.26 percent of African American men in Minneapolis did not graduate high school and 77.48 percent did not receive a bachelor’s degree. The numbers are even worse for African American women. By way of comparison, 5.26 percent of their white counterparts lacked a high school diploma and 59.64 lacked a bachelor’s degree.
Failing to address these disparities will have serious implications for the Twin Cities, and businesses have economic and social incentives to ensure widespread growth, achievement, and success throughout the whole community.
One thing is certain —business is part of the solution to increased economic access and opportunity for all Minnesotans.
This event is part of a series, sponsored by PwC, on the role of business in addressing inequality.