1.1. Itasca business case for Diversity and Inclusion

1.2. Why Diversity Matters in Health Care?

1.3. Goldman Sachs and NACP 10,000 Small Business Partnership

NAACP AND GOLDMAN SACHS 10,000 SMALL BUSINESSES ANNOUNCE NEW PARTNERSHIP TO HELP SMALL BUSINESSES

December 09, 2015

BALTIMORE – NAACP National President and CEO Cornell William Brooks today announced a new partnership with Goldman Sachs 10,000 Small Businesses to help more entrepreneurs across the country attain the resources and tools to grow and create jobs in their communities.

The organization is joining with Goldman Sachs’ 10,000 Small Businesses initiative, a $500 million program with the goal of helping unlock the growth and job-creation potential of small businesses across the United States through greater access to business education, financial capital and business support services.

The NAACP will work with its network of 2,200 local chapters and state conferences to help inform and recruit small business owners to join the program, which provides intensive specialized business management courses for applicants and opportunities to access capital.

“Small businesses are the lifeblood of every neighborhood and community,” said NAACP President and CEO Cornell William Brooks. “Supporting their growth and ability to thrive will only strengthen the communities in which those businesses call home and provide much-needed economic opportunity to the existing and future employees of those businesses. We are pleased to partner with Goldman Sachs as they lend their financial expertise to help guide small businesses down the path to financial success.”

“Giving small business owners access to the tools they need to grow is vital to creating a vibrant economy both locally and nationally,” said John F.W. Rogers, Executive Vice President of Goldman Sachs. “We are proud to partner with the NAACP to deepen our reach into communities and give even more small businesses the resources they need to succeed.”

Ideal candidates are small business owners with more than $150,000 in revenue and have been in operation for at least two years. Qualifying businesses also must demonstrate that they employ four or more workers and have a scalable business model and a commitment to grow and hire locally.

More than 5,600 small business owners have joined the program since it began in 2011, attending 165 education cohorts at 27 sites across the country. More than 99 percent of participants graduate and more than half of the businesses reported increased revenues and expanded work forces within 18 months of graduation.

Qualified applicants are encouraged to apply at www.10ksbapply.com for one of the more than 40 classes available across the country each year. Additional information and application material can be found at www.10ksbapply.com.

YOU BUILT YOUR BUSINESS,
WE’LL HELP YOU GROW IT

Take your business to the next level with practical business education and a supportive network of advisors & peers.

The Goldman Sachs 10,000 Small Businesses program provides you with the tools and support to take your small business to new heights. In professional workshops you will learn from some of the brightest minds in business, learn about access to financial capital, and build a powerful network of professional support. Together with other entrepreneurs, you’ll make strong connections that will have an immediate impact on your business.

If accepted, the program tuition will be at no cost to you. And that’s just the first example of how we’ll be there to help your business succeed every step of the way.

HOW CAN YOU BENEFIT

The Goldman Sachs 10,000 Small Businesses program gives you the time and resources you need to develop a customized growth plan for your business.

Education for Business Growth: The curriculum focuses on skills you can apply immediately, including:

• Identify and evaluate business opportunities

• Understand and manage the competitive business environment

• Analyze financial statements

• Learn about access to financial capital

• Be a more effective leader

• Become a more skilled negotiator

A Network of Support: Through the program you will get opportunities to learn from other like-minded business owners, receive expert advice from business professionals and get one-on-one business counseling.

Each 10,000 Small Businesses graduate develops a detailed, step-by-step plan for growth. Following their plan and applying what they’ve learned, alumni report changing the way they do business to include greater access to capital, increased use of financial statements, expansion into new markets and improved management skills. Each of these changes contributes to their ability to grow and create jobs.

WHO SHOULD APPLY

If you are an owner or co-owner of a business that has been in operation for at least two years, have a minimum of $150,000 in revenues, employ at least 4 people, and are passionate about growth you should apply today.

WHAT OUR GRADUATES ARE SAYING

At six months after graduation from the program, 46.2% of participants report adding new jobs, increasing to 57.1% 18 months after the program. Revenues of the participating businesses also grew after program completion, with 66.8% of participants reporting increased revenues six months after graduation, and 76.0% 18 months after completion. To read the program's latest Progress Report, click here.

1.4. Taking on 2025: Preparing for a New Demographics

1.5. Compass Based Resources

One Minneapolis

http://www.ci.minneapolis.mn.us/www/groups/public/@civilrights/documents/webcontent/wcms1p-122038.pdf

According to data from a recent report by the Minneapolis Foundation commissioned from Wilder Research, Minneapolis faces costly racial disparities in education, jobs, housing,

justice, and other critical areas. The full report (available at OneMinneapolis.org) shines a light on the shocking and unacceptable differences in how Minneapolis residents are faring on the most essential indicators of a healthy and productive life. These challenges severely curtail our chances for regional vitality and run counter to our values of fairness and opportunity.

Generation Next Data Reports

https://gennextmsp.org/data/

STEM In Minnesota

http://www.mncompass.org/education/stem/overview

Central Corridor Tracker

http://www.funderscollaborative.org/resources

1.6. Tools

Contents

A selection of 15+ TOOLS, FRAMEWORKS, AND RESOURCES TO CHALLENGE RACISM from CompassPoint

How I Learned to Stop Worrying and Love Talking About Race

TED Talk by Jay Smooth
One of the most persistent problems of moving toward racial equity is the deep discomfort around the topic, which too often leads to silence. Culture and politics commentator Jay Smooth unpacks what it means to embrace the messiness of those conversations and create opportunities to talk openly and honestly about race.

The Danger of a Single Story

Ted Talk by Chimamanda Ngozi Adichie
Narrative matters, and when one person controls the story, a multitude of voices are shut out and oppressed. That's the argument made by author and activist Chimamanda Ngozi Adichie in this eye-opening TED talk.

1.7. Minnesota Department of Human Services

D/I Info

Cultural and Ethnic Communities Leadership Council

Policy on Equity

2018 Report

More Info

Website

1.8. Racism and the Economy -- Federal Reserve Series

Understanding the implications of structural racism in America's economy.

Link to => About the Series <==

Series Kickoff October 7, 2020

Racism forms the foundation of inequality in our society; it limits opportunity for people of color and threatens the health of our economy. While the global pandemic has intensified racial and economic disparities, the killing of George Floyd has provoked people from all walks of life to address the systems and structures that enable and perpetuate these outcomes.

The Federal Reserve Banks of Atlanta, Boston, and Minneapolis have partnered to present a series of virtual events where community, business, and academic leaders will examine the economic impact of racism and advance bold ideas and concrete actions to achieve an economy that makes opportunity available to everyone.

The kickoff event on Wednesday, October 7, 2020, was the first in a series over the next several months exploring context and actions to address systemic racism in employment, housing, education, criminal justice, and other topics.

Raphael Bostic, Neel Kashkari, and Eric Rosengren, the presidents of the Federal Reserve Banks of Atlanta, Minneapolis, and Boston were joined for this virtual event by nationally recognized experts:

Angela Glover Blackwell, PolicyLink
Ursula Burns, former Xerox Corporation
Geoffrey Canada, Harlem Children’s Zone
Carmen Rojas, Marguerite Casey Foundation
Kai Ryssdal, Marketplace

Series Kickoff Video

Back to top

Focus on Employment November 17, 2020

Employment Video

00:00 Opening Remarks, Raphael Bostic, Federal Reserve Bank of Atlanta

13:51 Keynote Speaker, Valerie Wilson, Economic Policy Institute

32:52 Q&A with Valerie Wilson and Mary C. Daly, Federal Reserve Bank of San Francisco

44:35 Proposal Presentations – Bolten, Dixon & Rogers

1:11:30 Respondent Panel – Auguste, Bastian, Gardere & Poo

1:34:32 Proposer and Respondent Discussion, Moderator – Kimberly Adams, Marketplace

1:50:27 Closing Remarks, Raphael Bostic, Federal Reserve Bank of Atlanta

1:51:34 Closing Remarks, Eric Rosengren, Federal Reserve Bank of Boston

1:56:26 Closing Remarks, Mary C. Daly, Federal Reserve Bank of San Francisco

Link => Recap Article

Extracted Text

Economist Valerie Wilson says a half century of racial inequities in the U.S. labor market can be mostly summed up in a simple ratio: 2 to 1.

Over the past 48 years, White job seekers have been twice as likely as Black counterparts to secure employment during any four-week period, Wilson said. She added the 2-to-1 ratio holds across all ages, education levels, genders, and macroeconomic conditions, all the way back to when the U.S. Bureau of Labor Statistics began breaking out unemployment by race in 1972.

“Over the last 4½ decades, only the most highly educated and most experienced Black workers have approached anything near unemployment rate parity with their White counterparts, and only during periods of exceptionally low rates of unemployment,” said Wilson, director of the Economic Policy Institute’s Program on Race, Ethnicity, and the Economy.

Wilson was among several experts who joined three Federal Reserve Bank presidents on Nov. 17 in the second event of the “Racism and the Economy” series, which focused on racial inequities in the labor market. The seven-part series, sponsored by the Federal Reserve Banks of Atlanta, Boston, Minneapolis, and San Francisco, examines structural racism, its impacts, and ways to dismantle it.

Examining occupational segregation The Nov. 17 conference focused largely on “occupational segregation,” the exclusion of Blacks and Hispanics from professional and managerial roles, and over-representation of these groups in lower-wage occupations such as food preparation, cleaning, and health care services and support.

Before the pandemic, the share of Blacks and Hispanics in such work was far greater than that of Whites, said Atlanta Fed president Raphael Bostic.

Those jobs typically offer low pay, limited advancement opportunities, and few benefits. Making better jobs more accessible to people of color would help erode broad racial inequities in the labor market, numerous speakers said. But discrimination inhibits equitable outcomes, said Rebecca Dixon, executive director of the National Employment Law Project.

Dixon also cited policies dating back to New Deal programs that excluded half of all Black, Latino, and Native American workers from Social Security.

Some speakers also put blame on the Fed. Wilson said by raising the federal funds rate prematurely during economic expansions, the central bank may have shut down job growth before it reached workers of color.

Several speakers also note research that reveals that racial gaps in pay and access to higher-wage occupations persist regardless of education and skills. In fact, the job market status of Blacks is unchanged from 1950, if mass incarceration and the number of Blacks who have left the labor force entirely is accounted for, said William Rodgers, chief economist at Rutgers University’s Heldrich Center for Workforce Development.

“That’s why this conversation and what comes out of it is so important,” he said.

Proposing solutions Conference speakers proposed several solutions for eliminating racial inequities in employment markets, including:

Fostering enlightened self-interest in the corporate sector: Delta Air Lines chief executive officer Ed Bastian said executives should realize that improving recruitment, training, and advancement of workers of color boosts profits. More diverse perspectives produce more creative thinking, better decisions, and happier employees and customers, he said. Strengthening the Equal Employment Opportunity Commission: The EEOC’s funding in inflation-adjusted terms has not increased since the 1980s even as the labor force has grown by about 50 percent, Dixon noted. The result is case backlogs and generally feeble enforcement of workplace anti-discrimination rules. Rethinking job applicant screening policies and algorithms: For instance, requiring a bachelor’s degree as a screening mechanism often doesn’t make sense, when job duties don’t truly demand it, said Byron Auguste, CEO and co-founder of the nonprofit Opportunity@Work. Such a requirement immediately excludes 75 percent of Black workers, 80 percent of Hispanics, and 80 percent of rural residents, Auguste said. Presidents on why racial disparities matter to the Fed The presidents of the Atlanta, Boston, and San Francisco emphasized how racism shapes labor market conditions. The Boston Fed’s Eric Rosengren said that while economic discussions typically focus on the sheer numbers of jobs, the quality of those jobs is crucial. That’s become clear during the pandemic, during which people of color are being disproportionately affected, in part because they hold a larger share of lower quality jobs.

It can be easy to forget how important a high-quality job is these days, Rosengren said, adding he finds himself complaining after a long day of virtual meetings.

“But then I'm reminded that I do not encounter a dangerous work environment each day, that I have money to feed my family and many others don't,” Rosengren said. “I am not faced with the decision of leaving my children alone in an empty house in order to keep my job, or wondering what will happen to me or my family if I get sick and have no sick days to use.”

“The quality of jobs influences the quantity of jobs for many people of color,” he said. “More needs to be done.”

Back to top

Focus on Education January 12, 2021

Announcement

Back to top

Education Video

Discussion with Jeffrey Canada

Teacher of the Year Closing Reflection Takeru Nagayoshi Pandemic Impacts

Closing

Better investment in the teaching profession and black/brown teachers retaining and recruiting

Back to top

Focus on Housing 3/1/2021

Housing Event Announcement

Back to top

Housing Video

Single family only home zoning: 38:11

Eliminate systemic racism in appraisals

Offering restorative housing reparations

Respondent Panel

Proposer & Respondent Panel Discussion

Neell Kashkari on Reparation

Feb accountability

Back to top

Focus on Entrepreneurship 6/2/2022

Racism and the Economy: Focus on Entrepreneurship

June 2, 2021
12:00 p.m. – 2:30 p.m. ET | 11:00 a.m. – 1:30 p.m. CT
Virtual video event presented by all 12 District Banks of the Federal Reserve System

The sixth installment of our virtual event series focuses on the impact of racism on entrepreneurs of color. The session will examine solutions that challenge persistent disparities and explore the potential for entrepreneurship to serve as one pathway to transform economic outcomes for communities of color and the broader economy.

Keynote speakers

Robert E. Weems Jr., Willard W. Garvey Distinguished Professor of Business History, Wichita State University

Additional speakers

Raphael Bostic, President, Federal Reserve Bank of Atlanta
Kelly Burton, Executive Director, Black Innovation Alliance
Nicole Childers, Executive Producer, Marketplace Morning Report (moderator)
Charles Evans, President, Federal Reserve Bank of Chicago
Patrick Harker, President, Federal Reserve Bank of Philadelphia
Victor Hwang, Founder and CEO, Right to Start
Robert Kaplan, President, Federal Reserve Bank of Dallas
Neel Kashkari, President, Federal Reserve Bank of Minneapolis
Monika Mantilla, President and CEO, Altura Capital, and Managing Partner, Small Business Community Capital
Sanjay Singh, Advisor, Pack Health, and Co-founder, Alabama Capital Network
Carmen Tapio, Founder and CEO, North End Teleservices, LLC

Video Recording

Right to Start: Victor Hwang

Back to top

Focus on Criminal Justice 2021-07-13

EVENT AGENDA

Tuesday, July 13, 2021
12:00 p.m. – 12:10 p.m. ET	Introduction & Opening Remarks Raphael Bostic, Federal Reserve Bank of Atlanta
12:10 p.m. – 12:45 p.m. ET	The Challenge for Building a Racially Equitable Criminal Legal System Phillip Atiba Goff, Yale University and Center for Policing Equity Kelly Lytle Hernandez, University of California, Los Angeles, and Million Dollar Hoods Victor Rios, University of California, Santa Barbara Nicholas Turner, Vera Institute of Justice
12:45 p.m. – 1:10 p.m. ET	A Conversation Between Keith Ellison and Neel Kashkari Keith Ellison, Minnesota Attorney General Neel Kashkari, Federal Reserve Bank of Minneapolis
1:10 p.m. – 1:50 p.m. ET	Understanding Connections Between Segregation, Policing, and the Economy Yvette Gentry, Metro United Way Walter Katz, Arnold Ventures Clark Neily, Cato Institute Kevin Washburn, University of Iowa College of Law Moderator: David Muhammad, National Institute for Criminal Justice Reform
1:50 p.m. – 1:55 p.m. ET	Break
1:55 p.m. – 2:30 p.m. ET	The Impacts of Nonviolent Convictions and Monetary Sanctions Jennifer Doleac, Texas A&M University Rachael Rollins, Suffolk County District Attorney Andrea Young, ACLU of Georgia Moderator: David Muhammad, National Institute for Criminal Justice Reform
2:30 p.m. – 2:50 p.m. ET	Reflections on the Criminal Legal System and the Economy Raphael Bostic, Federal Reserve Bank of Atlanta Neel Kashkari, Federal Reserve Bank of Minneapolis Eric Rosengren, Federal Reserve Bank of Boston Moderator: Chanda Smith Baker, Minneapolis Foundation
2:50 p.m. – 2:55 p.m. ET	Closing Remarks Eric Rosengren, Federal Reserve Bank of Boston