Laserfiche WebLink
Racial Equity is a Regional <br /> Competitiveness Imperative <br /> -,- _ _IA <br /> ''f Mit A P I P/\41 I II" 1\ : <br /> itik <br /> O. L"''' . r <br /> * T <br /> �� II <br /> : iti--411 <br /> The intergenerational wealth gap resulting from past actions in <br /> Saint Paul's Rondo community is estimated at $90 million in <br /> lost home equity2. <br /> IIIHistoric wealth extraction and present day undercapitalization of the Black <br /> community continues to limit the county's ability to mitigate poverty and fight <br /> displacement.The county must take action now to undo the racism and the <br /> I _ symptoms of racism experienced by workers and families for generations as a result <br /> of economically and racially exclusive policies and actions of the past. <br /> Closing the wage gap would add $2.3 billion in annual earnings "The cost of inaction is too great. If we wish to chart a path <br /> for Ramsey County's Black, Brown, Indigenous and other toward recovery and create a more resilient future, then we must <br /> residents of color, promoting a more vibrant economy and more ensure our commitment to our most vulnerable residents. When <br /> equitable prosperity'. our most vulnerable residents thrive, we all thrive." <br /> Wage disparities across racial lines are softening competitiveness and creating - Ramsey County Economic Inclusion Build Session Participant <br /> unnecessary housing burdens for individuals and families.A renewed - and targeted COVID-19 caused a shift in priorities, as well as heightening the urgency for <br /> - focus on job access, skill training,and high-wage industry growth, coupled with existing priorities focused on closing disparities.All efforts toward recovery must <br /> intentional efforts to dismantle institutional racism,can create economic pathways. be racially responsive and economically sound if Ramsey County is to prosper in <br /> This has the potential to close stagnant racial income and wealth gaps while the coming decade. Disparities highlighted during the pandemic demand us to <br /> simultaneously accelerating economic growth in Ramsey County. reimagine the economy to ensure that the systems within the county, and the <br /> entities its residents and business owners rely upon,apply racially inclusive and <br /> equitable policies to mitigate the economic harm done by generations of racially <br /> exclusive policies and practices. <br /> 12 ii,RAMSEY COUNTY <br />