News & Updates
Updates from the Coalition

GroundBreak Announces RFPs for Origination Partners for Entrepreneurship
GroundBreak Coalition is seeking up to four (4) origination partners to administer forgivable loans up to $50K each that support entrepreneurs committed to building Black wealth in the Minneapolis-St. Paul region, particularly those in the start-up growth phase. This funding, which come in the form of special purpose credit programs, will help replicate the traditional friends and family funding round with grants designed to unlock additional funding to drive entrepreneurs toward long-term growth, in doing so GroundBreak funds will propel racial wealth equity in our region.
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.
Design Sprints Uncover Innovative Capital Investment Pathways
During GroundBreak Coalition “design sprints,” work group members brainstormed innovative capital investment pathways that could close racial gaps in income and wealth for Black homeowners, renters, entrepreneurs, and commercial developers. The products that emerged from recent work group meetings will be a key foundation to the eventual capital prototypes.
Our Strategic Approach to Building BIPOC Wealth
GroundBreak believes the most effective way to ultimately improve outcomes for all residents, especially those from BIPOC communities that our systems typically exclude, is to concentrate our efforts on the aspirations of MSP residents who experience some of our region’s deepest and most persistent disparities and ensure that the outcomes of GroundBreak are realized on the ground in specific communities.
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Other Coalition Updates
See GroundBreak Coalition workgroup recommendations, monthly update call recordings, and past meeting summaries.