Partnering with Businesses for Local Shared Prosperity

Brief

Partnering with Businesses for Local Shared Prosperity

Abstract

Widening economic inequality and racial disparities across American cities prevent many marginalized people from benefitting from and contributing to economic growth. At the same time, growing evidence suggests that economic inclusion is critical for boosting economic competitiveness, generating faster growth, and supporting economic resiliency. In recognition of the relationship between strong and sustained economic growth and advancing equity, a growing number of local leaders are championing strategies that promote more inclusive economies. In this brief, we seek to better understand the role of the business sector in advancing inclusive growth and local shared prosperity by offering reflections on existing, formalized business partnerships and identifying strategies for local leaders to engage business partners.

Centers

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