RACIALLY RESPONSIVE ACTION
FOR CEO’S & C-SUITE LEADERS
Dismantle Systemic Racism. Institutionalize Racial Inclusion.
EXECUTIVE ACTION: 3 Steps
Call for an end to Racist Ideals, Policies, Practices & Behaviors. Publicly & Internally. Now and in the future.
Adopt Anti-Racist Policies, Practices & Behaviors in People, Purchasing, Philanthropy, and Policy: Max Out in Your Lane
Invest in Black-led Anti-Racism Efforts and efforts led by Black, Indigenous, Latinx, and Asian people; Follow Black Leaders
Systemic Actions: Establish, measure, and publicly monitor meaningful, disaggregated People, Procurement, Philanthropy, and Policy goals. Apply an anti-racist lens to all decisions to ensure that all corporate actions reinforce the racial inclusion and equity agenda. Racial equity and justice IS business.
PEOPLE
Address racial bias and barriers to racial equity in attraction, retention, engagement, wages, and advancement: Black, Indigenous, Latinx, and Asian in good jobs (family sustaining wages & benefits, racially inclusive & engaging environment)
Board
All Ranks: Executive, Leadership, Management, and Entry-Level Roles
PROCUREMENT
Spend with locally owned businesses owned by Black, Indigenous, Latinx, and Asian people; spend with intention to create family sustaining jobs for Black, Indigenous, Latinx, and Asian in undercapitalized neighborhoods
Invest in growth of Black, Indigenous, Latinx, and Asian owned businesses in growth sectors: $$$, business mentoring, contracts, amend procurement policies and practices
PHILANTHROPY
Invest multi-year, unrestricted funds in Black-led organizations, Indigenous led- organizations and other Black, Indigenous, Latinx, and Asian led organizations: Invest in systems change and recovery
Invest capital in Black, Indigenous, Latinx, and Asian owned businesses and in non-traditional efforts led by Black, Indigenous, Latinx, and Asian people to increase property ownership among Black, Indigenous, Latinx, and Asian owned businesses
POLICY
Align corporate public policy lobbying with Black, Indigenous, Latinx, and Asian led efforts to dismantle institutional racism
We are Your Partners for Inclusive Growth
Build a Culture of Shared Accountability for Racial Inclusion & Economic Justice
Center the voices, experiences, and goals of Black, Indigenous, Latinx, and Asian people in data-informed, market- responsive, multi-sector actions
Establish Regional Goals for Racial Inclusion: Aligned with Indicators for an Inclusive Regional Economy ® ; Advocate for Institutional & Aligned Actions
Foster an Inclusive Future of Work: Partnership with Accenture to support employers in mitigating barriers of automation and augmentation for Black, Indigenous, Latinx, and Asian workers
MSP Tech Inclusion Partnership: Partnership: Mitigating barriers to attract BIPOC into growing tech careers with regional employers; and address systemic barriers to wealth creation among Black tech businesses
Campaign for Good Jobs: Policy & Employer campaigns to increase Black, Indigenous, Latinx, and Asian people in family sustaining jobs with good benefits and racially inclusive workplaces
Dismantle Racial Exclusion & Scale Inclusive Growth
Employer Inclusivity Consulting: Equip employers to dismantle corporate policies and practices that marginalize Black, Indigenous, Latinx, and Asian workers, and limit wealth creation and mobilization; and develop strategies to institutionalize racial inclusion (People, Procurement, Philanthropy, Policy)
Attend the Center’s Powering Inclusion Summit & Speaker Series
Undoing Racism® Workshops for leaders ready to build an anti-racist business
Build Regional Capacity to Act Locally, and Think Regionally
Equip Economic Developers & Policy Makers for Inclusive Economic Competitiveness ®
Guide and evaluate racially responsive public and private sector investments
The Case for Anti-Racist Corporate Action
Widening Wealth Gaps: The typical Black household led by someone with an advanced degree has less wealth than the typical white household led by someone with a HS diploma.
Local Actions Have Failed: In Minneapolis-St. Paul, the income gap between Black workers and White Workers is 15 percentage points wider than the U.S. average with a 55% gap. From 2008-2018, the wage gap between White workers and Workers of color in Minneapolis-St. Paul closed by only $641. The wage gap persists for skilled, credentialed, and Black workers with advanced degrees. It’s time for systems change.
Corporate Diversity & Inclusion is Not Working: Accenture’s 3 year Getting to Equal Study, showed 2/3 of leaders believed they were creating an inclusive environment, but only 1/3 of employees believed it. Further, if the gap in perception of inclusion experience were closed by even 50%, U.S. corporations would gain $1.05 Trillion in profits.
Racial Inclusion Benefits Everyone: Closing the racial wealth gap could add 4-6% to GDP by 2028, ($1-$1.5 Trillion) the largest increase in over 30 years.
PLATFORM FOR RACIALLY RESPONSIVE PHILANTHROPY
As Minnesota Foundations, Corporate Giving Programs, and Philanthropists seek to deepen their impact in Black, Indigenous, Latinx, and Asian communities, we elevate this platform for more racially responsive philanthropy. This platform is adapted from the Best Practices of Trust-Based Philanthropy During Crisis & Beyond.
Invest multi-year, unrestricted funds in underfunded organizations led by Black, Indigenous, Latinx, and Asian people:
Commit to designated funds to organizations, projects, groups and collaboratives led by Black, Indigenous, Latinx, and Asian people who are using an intersectional lens, include those with budgets under $1 million
Lead in solidarity with organizers, base builders and advocates
Commit to supporting established organizers, advocates, power builders
Focus Hyper-locally
Prioritize disproportionately impacted industries and workers:
Invest in organizations with sector specific priorities to increase the resiliency of our regions disproportionately impacted industries employing large numbers of Black, Indigenous, Latinx, and Asian workers
Invest in multi-faceted strategies for responsive Black, Indigenous, Latinx, and Asian led organizations
Commit to multi-pronged innovative approaches to address the needs of Black, Indigenous, Latinx, and Asian led organizations to expand capacity
Operate with Trust
Trust works. Commit to reimagining the relationship between funders and Black, Indigenous, Latinx, and Asian led organizations and operate with trust-based approaches that are transparent, streamlined, flexible and remove barriers that disproportionately impact Black, Indigenous, Latinx, and Asian led organizations. Invest in training for Foundation staff to address roots of oppression in philanthropy.