OUR MISSION
GroundBreak aims to create a region where every person, no matter their race or background can achieve their aspirations. Launched just three years ago, GroundBreak is working to build a new financial system for the region that changes how money flows and where it flows.
We believe the wealth and opportunity of our region should be accessible to all. Investing in a vibrant middle class in Minneapolis-St. Paul has the transformative power to change individual lives while strengthening our economy and position as a world-class region for generations to come.
OUR GOAL
We aim to lead the nation by investing in transformational solutions that work:
CREATE
11,000 new homeowners
STABILIZE
families in 23,500 affordable rental units
COMPLETE
60 community-led, climate-ready, transformational commercial developments
LAUNCH
more than 5,000 new entrepreneurs creating 8,000 new jobs
We can’t get there alone. But we know that we can marshal capital commensurate with the scale of the need if a visionary group of local and national lenders, investors, government entities, and grantmakers commits to doing so.
THE OPPORTUNITY
GroundBreak Coalition is a group of over 40 corporate, civic, and philanthropic leaders committed to demonstrating that with enough resources, a racially equitable and carbon-neutral future is possible now – first in Minneapolis-St. Paul and then across the country.
To achieve GroundBreak’s goals for the region, we seek to mobilize $5.4 billion in capital through a new shared financial system. $4.2 billion of this would be private, market-rate capital. The remaining $1.2 billion would be flexible, non-market rate capital. Coupled with collective, courageous leadership, this will enable us to disrupt the status quo, close long-standing racial disparities, and transform communities.
OUR PROGRESS
In October 2023, GroundBreak announced $926.75 million in financial commitments to expand wealth-building opportunities at a Community Briefing to inform partners and community members on progress and work ahead.
Progress to date includes securing a significant down payment toward GroundBreak’s 10-year goals and the early development of a more durable operations and governance structure. Work ahead includes building systems to deploy capital, securing additional flexible capital and lending commitments, continuing work on rental housing and aligning GroundBreak with climate initiatives.
Latest News & Updates
GroundBreak Coalition Featured at Next Narrative Summit
The Next Narrative Summit gathered thought leaders and changemakers from across the country in Miami late last year and served as the perfect platform to showcase the bold and transformative initiatives underway through the GroundBreak Coalition.