Evidence suggests that fully half of American workers have experienced little to no income growth in decades (Frank & Chin, 2017). Dragged down by debt and growing inequity, many Americans are cut off from opportunity and from the traditional markers of the American dream.
Inclusive growth is a strategy which means that more people share in the rewards of a growing economy and community. Inclusive growth communities are those that invest — through philanthropy, public policy, financial decisions, and community commitments — in the success of efforts like:
- workforce training and talent development;
- entrepreneurship and small business success;
- personal financial security and access to financial resources;
- neighborhood development and growth;
- transportation and access; and
- reducing gaps in health, education, safety, and housing.
Evidence suggests that collaborations across the public, private, and nonprofit sectors are the critical factor in tackling this complexity and creating community success. Building coalitions that utilize a more diverse set of firms, workers, and communities to reach their productive potential offers a compelling opportunity for growth.
Read the full article about inclusive growth communities by Juan Olivarez at the Johnson Center.
Since you are interested in Philanthropy, have you read these selections from Giving Compass related to impact giving and Philanthropy?
Looking for a way to get involved?
Learning with others and benchmarking are key steps towards becoming an impact giver. If you are interested in giving with impact for Economic Dev, take a look at these events, galas, conferences and volunteering opportunities to connect with individuals like you.
Are you ready to give?
If you are looking for opportunities to take action and give money to Economic Dev, here are some Giving Funds, Charitable Organizations and Projects aggregated by Giving Compass where you can take immediate action.