America Needs a Superior Economic Growth Model


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  • Equity is central to meaningful community engagement
  • Generations of exclusion of have created segregated communities and severed opportunities for affordable housing, transit access, quality schools, and healthy food access, to name a fewShifting demographics in regions—increasing number of counties becoming majority-minority in both urban and rural areas will make engagement with communities of color even more imperative
  • Demographers project by 2042 America will be a majority people of color nation.
  • Paul is going to tell us more about the data in your region
  • In 2007, businesses of color numbered 5.8 million, up from 4.0 million in 2002, an increase of 45.5 percent, more than double the 17.9 percent increase for all U.S. businesses, according to the U.S. Census Bureau's 2007 Survey of Business Owners. Receipts of these firms increased 55.0 percent to $1.0 trillion over the five-year period, compared with the 32.9 percent increase for all businesses nationwide. In 2007, more than one-fifth (21.3 percent) of the nation's 27.1 million firms were owned by people of color.
  • By focusing on equity strategies – we lift the boat for all!
  • CP learning from the evidence and bringing in experts to help in direction of activities and investmentsCP efforts but also compiling and disseminating evidence to continue to build awareness but also to build capacity by sharing successes and lessons learned to continue enhancing the work
  • Availability for follow-up: advisory role, review workplans, build engagement processes
  • America Needs a Superior Economic Growth Model

    1. 1. Building a Resilient Economy Opportunities for Everyone America Needs a Superior Economic Growth Model! Greensboro, North Carolina Sarita Turner, PolicyLink August 7, 2013
    2. 2. Opportunities for All • PolicyLink, founded in 1999, is a national research and action institute advancing economic and social equity by Lifting Up What Works.® • PolicyLink connects the work of people on the ground to the creation of communities of opportunity, that allow all to participate and prosper. Such communities offer access to good jobs, housing that is affordable, good schools, transportation, and healthy food and physical activity. • PolicyLink works with HUD Sustainable Communities Initiative grantees to help them facilitate equitable regional planning.
    3. 3. What is equity? • Equity means just and fair inclusion in a society where all can participate to their full potential • Achieving equity requires intentionality, focus, and commitment 3
    4. 4. Why is Equity Important? • Planning processes are important to quality of life and sustainability. Everyone’s needs must be included. • Planning that doesn’t include the needs of all unintentionally cuts people off from the very opportunity structures they need to take care of themselves, their family’s and contribute to the economy. 4
    5. 5. We Need A Superior Growth Model • Equity is the Superior Growth Model! 5
    6. 6. Our Nation Is Changing 6 • The nation’s spiking ethnic, racial and income inequality is putting our economy at risk • The population continues to grow and almost all of that growth is coming from nonwhites and the Latino population • In America, nonwhites and Latino’s are the most impacted by inequities.
    7. 7. Ethnic Racial and Economic Inclusion Are Key to Economic Competitiveness 1) Growing need for a skilled workforce 45% 43% 27% 26% 14% 68% 59% 018 Requiring at Least an AAWhite Black US-Born LatinoForeign Born LatinoUS-Born AsianForeign Born Asian Share of Working Age Population with an Associate’s Degree or Above in 2010
    8. 8. Racial and Economic Inclusion Are Key to Economic Competitiveness 2) Inequality is bad for sustained economic growth Source: Andrew Berg & Jonathan Ostry
    9. 9. Racial and Economic Inclusion Are Key to Economic Competitiveness 3) Diversity is an economic asset 46% 55% 18% 33% Business Growth Receipt Growth Minority-owned businesses All businesses Source: US Census, Survey of Business Owners, 2002 and 2007 Growth in Businesses, 2002-2007
    10. 10. Equity Strategies Help Everyone! 25
    11. 11. We All Do Better When We All Do Better 26 Human Capitol is a key driver of economic growth U.S. GDP would be two to four percent higher if we had closed the achievement gap between black and Latino students and white students during the 1980s and 1990s (2009 McKinsey paper)
    12. 12. Moving from Planning to Implementation • Implementation of strategies to build economic resilience are not successful without diverse stakeholder involvement and support. Stakeholders • Advocates from all communities, especially those traditionally not engaged • Private business/chambers • Economic development/workforce • Educational institutions • Elected Officials • Faith-based organizations • Philanthropy • Regional Equity Network 27
    13. 13. How Prepared Is Piedmont? 28 Demographics: Who lives in the region and how is this changing? Economic Vitality: How is the region doing on measures of economic growth and well-being? Readiness: How ready are the region’s residents for the 21st century economy? Connectedness: Are the region’s residents and neighborhoods connected to one another and to the region’s assets and opportunities?
    14. 14. Examples of policies and strategies to consider: A. Multi modal transportation that connects to jobs and opportunity B. Access to quality pre-k through high school education C. Housing connects to transportation and that is affordable at the pay scale of the regions jobs D. Industry and economic growth strategies that capitalize on current assets like anchor institutions E. Targeted workforce development programs in partnership with Community College, workforce organizations and Chambers and that align with industry growth strategies F. Target economic development to disinvested communities j. Align current federal resources to follow agreed upon strategies 29
    15. 15. PolicyLink Tools – Why Place and Race Matter Executive Summary & Report – America’s Tomorrow “Equity is the Superior Growth Model” Summary and Report – Houston-Galveston Regional Equity Profile – Towards 2050 in Texas A report on Houston – Getting Equity Advocacy Results (GEAR) – Healthy Food, Healthy Communities report – Big Ideas for Jobs 30 – Maps of Tomorrow: Equity in a Changing Nation – Equitable Development & Advocating for Change Web Toolkits – Community Mapping for Health Equity Advocacy – Regional Equity – The Quest for Full Inclusion
    16. 16. 31
    17. 17. Questions? Sarita Turner, Senior Associate 510-663-4387 32