Carol Coletta_Opportunity Dividend Summit

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Carol Coletta_Opportunity Dividend Summit

  1. 1. The Opportunity Dividend Summit Sponsored by:
  2. 2. The Opportunity Dividend
  3. 3. National Gains
  4. 4. Opportunity
  5. 5. The Hypothesis • Households living in poverty are key driver of public service costs • Reducing poverty can reduce public sector costs for health care, income support and social services
  6. 6. Estimating the Gain • Each additional person in poverty is associated with $8,200 in spending on social service and income maintenance programs • Only includes Medicaid, food stamps and assistance to families—including the TANF program and other state administered general assistance
  7. 7. Detroit’s Opportunity Dividend If we decrease Detroit’s poverty rate from 12.9 percent to 11.9 percent… The Detroit Opportunity Dividend = $396 million annually
  8. 8. City Dividends $3.4 billion $820 million $396 million Total City Dividends for Detroit… $4.6 Billion Annually
  9. 9. City Dividends $124 billion $29 billion $13 billion Total City Dividends for the nation… $166 Billion Annually
  10. 10. What can urban leaders do to achieve the Opportunity Dividend now?

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