GroundBreak Announces Investments of Nearly $1 Billion in First-of-Its-Kind Effort to Expand Equitable Wealth-Building Opportunities in Minneapolis-St. Paul

by GroundBreak Coalition | Oct 31, 2023

Coalition shares progress toward an ambitious, 10-year vision to create a more equitable Minneapolis-St. Paul region, with financial tools expected by late next year. MINNEAPOLIS, MN – GroundBreak, a coalition of over 40 philanthropic, private, and public institutions...

Collective Will and Intentional Action: Philanthropy’s Role in Boldly Reimagining What’s Possible

by Kevin Bennett | Oct 3, 2023

At GHR Foundation, we believe in the potential and power of community.  According to a 2023 report, Minnesota is the third most charitable state in the nation, has a rich legacy of corporate giving, and boasts one of the highest median incomes nationally.  And yet, we...

Building a Shared Financial Platform: MSP’s Key to Unlocking Capital at Scale

by GroundBreak Coalition | Jul 17, 2023

Photo Credit: Molly Miles As a region, we have incredible prosperity, ability, and strength. We’re home to 15 Fortune 500 headquarters, and we have the 15th largest metropolitan economy in the U.S. We have enormous wealth in our region, though not everyone experiences...

Silicon Valley Bank Collapse Adds Urgency to Minnesota’s GroundBreak Coalition Efforts to Reimagine How Capital Flows to Black Wealth Builders

by David Reiling | Apr 10, 2023

This spring, governments and financial systems around the world are responding to the collapse of Silicon Valley Bank (SVB). While the fallout will have a long-term impact on smaller and mid-size financial institutions, it is also revealing deeper issues about how...

Three Things to Know: How Minneapolis-St. Paul Can Unlock Capital for Unprecedented Black Wealth Building

by Ben Hecht | Mar 20, 2023

Commercial Development work group members at design sprint. Credit: Awa Mally Last May, GroundBreak launched with an ambitious, and necessary goal to create a future for the Minneapolis St. Paul region that is dramatically more inclusive, just, racially equitable, and...

Design Sprints Uncover Innovative Capital Investment Pathways

by GroundBreak Coalition | Nov 30, 2022

In November, the GroundBreak Coalition caught its collective breath after the October “design sprints,” where work group members brainstormed innovative capital investment pathways that could close racial gaps in income and wealth. Those pathways are being developed...