Our Blog
Bridging to Impact in 2024: GroundBreak’s Inaugural Executive Council and Temporary Operating Infrastructure
We are pleased to announce the members of GroundBreak’s inaugural Executive Council and Project Team. Learn how GroundBreak is updating its governance and operations to achieve its ambitious agenda!
GroundBreak Coalition’s Path on Rental Housing
A key area where we have more work to do, as a Coalition and as a state, is in addressing the affordable housing crisis. Where we live determines everything, and stable housing underpins every other wealth-building activity. However, for too many MSP residents, particularly families earning less than 40% of area median income (AMI), there is an acute shortage of rental housing that is affordable. Identifying long-term and permanent breakthroughs in this area is critical for our region and for GroundBreak’s vision of a future where every resident, no matter their race or background, has the opportunity to build wealth and achieve their aspirations in MSP.
GroundBreak Coalition Shares Progress Toward Ambitious Vision During Community Briefing
On October 31, GroundBreak Coalition announced an early collective financial commitment of nearly $1 billion to expand wealth building opportunities, with a current focus on aspiring Black homeowners, entrepreneurs, and commercial developers. The news was shared with nearly 200 community members including nonprofit, philanthropic, public, and private sector leaders at Sabathani Community Center in Minneapolis. See highlights from the event.
Collaboration to the Max: Transforming our Region Together
Over the next decade, GroundBreak is working to secure $1.2 billion in flexible capital to build Black wealth, close racial wealth gaps, and create a more prosperous region for all. This is a leadership moment that will define us. We can show the world what it takes to transform and be a place that truly works for everyone.
GroundBreak Announces Investments of Nearly $1 Billion in First-of-Its-Kind Effort to Expand Equitable Wealth-Building Opportunities in Minneapolis-St. Paul
GroundBreak Coalition announced investments of nearly $1 billion to expand wealth building opportunities. This is a significant step toward the coalition’s goal of mobilizing $5.3 billion over the decade to expand equitable wealth-building through an innovative approach shaped by community members.
Collective Will and Intentional Action: Philanthropy’s Role in Boldly Reimagining What’s Possible
GHR is committed to advancing racial equity in the Twin Cities and we have been intentional in making deeper investments locally. No organization can advance racial equity alone, and GroundBreak Coalition offers a way to work together on bold solutions previously untried in our community. With our commitment to GroundBreak over the next three years, GHR is continuing to expand on more than $15 million in investments made in the Twin Cities since 2020.
Building a Shared Financial Platform: MSP’s Key to Unlocking Capital at Scale
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.
Silicon Valley Bank Collapse Adds Urgency to Minnesota’s GroundBreak Coalition Efforts to Reimagine How Capital Flows to Black Wealth Builders
Sunrise Banks joined the GroundBreak Coalition along with 40 other leaders from the private, public, and philanthropic sectors to make intentional systemic changes based on input from community leaders who shared the exact same pain-points as many of the founders of color who banked with SVB.
Three Things to Know: How Minneapolis-St. Paul Can Unlock Capital for Unprecedented Black Wealth Building
GroundBreak is at an exciting inflection point, and the months ahead will be pivotal for bringing its vision into reality. Three important developments show where we are now and where we are going.
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