Dr. Bruce Corrie - Concordia University

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Concordia University's presentation from One Minneapolis: A Call to Action! conference December 2, 2011 hosted by the Minneapolis Department of Civil Rights

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Dr. Bruce Corrie - Concordia University

  1. 1. The ALANA Engine for Economic Growth in Minnesota <ul><li>Dr. Bruce P. Corrie, PhD </li></ul><ul><li>Dean, College of Business and Organizational Leadership, Concordia University-St. Paul </li></ul><ul><li>[email_address] </li></ul><ul><li>www.ethnictrends.info </li></ul>The Governor’s Job Summit, Saint Paul, October 25, 2011
  2. 2. New Engine for Economic Growth The ALANA Economies
  3. 3. The ALANA Engine for Economic Growth in Minnesota <ul><li>12 billion dollars in Consumer Power </li></ul><ul><li>Entrepreneurs as a group will be 15the largest in state - revenue of $5.8 billion in 2007, larger than St. Jude Medical, Toro and Deluxe </li></ul><ul><li>Entrepreneurs as a group will be the 9 th largest employer, bigger than General Mills, Ecolab and Hormel, employing almost 40,000 with an annual payroll of $1.1 billion. </li></ul>
  4. 4. The ALANA Engine for Economic Growth in Minnesota <ul><li>Trade Networks – Minnesota’s major trade partners have ALANA connections – Asia, Africa, Latin America </li></ul><ul><li>ALANA workers will be critical part of MN’s future workforce and tax base by 2030 </li></ul><ul><li>ALANA voters critical part of the voting base all across Minnesota. </li></ul><ul><li>ALANA Cultural Capital helps make MN a Global destination </li></ul>
  5. 5. Strategies to Tap this Energy <ul><li>Government </li></ul><ul><li>Private Sector </li></ul><ul><li>Community </li></ul>
  6. 6. Government <ul><li>Leverage the power of its spending to grow these economies – set a goal to increase utilization of these firms and monitor implementation </li></ul><ul><ul><li>Contracts, professional services, other </li></ul></ul><ul><ul><li>Following the City of Saint Paul, leverage bank deposits, investments, spending to build the common good in return for state business </li></ul></ul><ul><li>Use the power of “influence” </li></ul><ul><ul><li>Teach Minnesota that these communities are “assets” not deficits </li></ul></ul><ul><ul><li>Convene “influence leaders” in the private and public sector to achieve positive outcomes </li></ul></ul>
  7. 7. Private Sector <ul><li>Realize the “business value” and potential of ALANA communities </li></ul><ul><li>Build networks of businesses, mentoring, collaboration with ALANA businesses and communities </li></ul><ul><li>Integrate the ALANA communities into business and strategic decisions </li></ul><ul><li>Remove barriers to success within and across firms to ALANA talent and businesses </li></ul><ul><li>Integrate Buy MN Ethnic/Grown MN Ethnic within the Buy/Grow Local campaign </li></ul>
  8. 8. Community <ul><li>ALANA Capital is Minnesota’s Capital that will help the state become globally competitive </li></ul><ul><li>Unleash the productivity, talent and opportunities that the ALANA communities present to Minnesota. </li></ul>
  9. 9. A Blue Ocean Strategy <ul><li>Direct DEED, METCOUNCIL, MNDOT to work with the community to develop a new job creation growth strategy </li></ul><ul><li>Ethnic Cultural Heritage Tourism – a new market with tremendous potential in Minnesota </li></ul><ul><ul><li>World Cultural Heritage Districts in Saint Paul and Minneapolis </li></ul></ul><ul><ul><ul><li>Ethnic Commercial Corridors ( University Avenue, LaKe Street, Franklin) </li></ul></ul></ul><ul><ul><ul><li>Ethnic Destinations – Little Mekong, African Safari, African American Cultural Heritage Corridor etc </li></ul></ul></ul><ul><ul><ul><li>Native American Reservations </li></ul></ul></ul>

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