Now Is the Time for Racial Equity in the Entrepreneurial Ecosystem

Forward Cities

Last week’s Forward Cities conference in Pittsburgh highlighted the need for equity and inclusion in the entrepreneurial ecosystem. For those that need to hear the business case for racial equity, REI shared a great reality check- “by 2050, (I’ll be about 70 y.o.), The post Now Is the Time for Racial Equity in the Entrepreneurial Ecosystem appeared first on Forward Cities. By Kaliah Ligon, Forward Cities Local Director – Indianapolis, IN.

Nia Richards

Forward Cities

I think this should be a wake-up call to all entrepreneurial support providers. The 2019 Institute for Policy Study on the national racial wealth gap reported if the trajectory of the past three decades continues, by 2050 the median White family will have $174,000 of wealth, while Latino median wealth will be $8,600 and Black median wealth will be $600. From this challenge I have an opportunity to be an ecosystem builder for inclusive procurement and entrepreneurship.