The Minneapolis-St. Paul region has an unprecedented opportunity to lead the nation in committing the resources necessary to achieve racial and economic justice.
Our regional crises of racial and economic injustice were simmering long before the pandemic and the killing of George Floyd brought them to a boil. It’s no secret that the economic gulf between Black and white families is higher here than nearly anywhere else in America. Then George Floyd’s murder in Minneapolis sparked a global racial reckoning and the resulting uprisings coincided with damage and destruction along commercial and cultural corridors in Minneapolis and St. Paul.
At the same, time the pandemic has caused disproportionate harm to BIPOC communities, and community members have struggled to raise the alarm about the rapid escalation of climate change and its unequal burden on these same communities.
And yet these great challenges have led to visionary leadership from many quarters. Our region has come together to restore, rebuild and, most importantly, reimagine the future of our community.
We envision a future that is dramatically more inclusive, just, racially equitable, and climate-ready.
With this vision to guide us – and with the nation’s eyes on MSP – we have a once-in-a-lifetime opportunity to define a new paradigm for community development finance that finally addresses systemic racism; rights historical wrongs; closes racial gaps in income and wealth; and boldly meets the climate moment.
We aim to lead the nation by investing in transformational solutions that work:
45,000 new BIPOC homeowners
families in 23,500 affordable rental units
30 community-led, climate-ready, transformational commercial developments
more than 11,000 BIPOC-owned businesses with at least 20 percent employing 5+ people
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.
NEWS & UPDATES
This summer, GroundBreak is beginning the work of building a shared, regional financial platform. By doing this, our region will be able to provide a reliable, long-term, and consistent source of financing for wealth builders in the region. We are excited to move this innovative platform forward to create a central hub for directing and scaling investments that can fund aspirations and shrink wealth gaps, for good.