Equitable economic growth necessitates inclusive economic development policies—policies that expand opportunities for shared prosperity by focusing on low-income communities that have traditionally been underinvested and undervalued in their ability to contribute to regional economic growth. Research from the Urban Institute demonstrates that inclusion and economic health are strongly correlated across the nation. Investing in inclusive economic development initiatives ensures that lowincome individuals and families are able to fully participate in the economic growth of the region and build wealth within their communities. In practice, this requires a multi-pronged approach that invests in the people, small businesses, and places that make our communities more equal, inclusive, and resilient.
Download the entire overview of our Economic Development Policy Priorities.
Investments in community resources help to spur broader economic growth.
Community development financial institutions (CDFIs) provide capital, credit, and financial services in distressed communities and to underserved individuals throughout the country.
While many federal programs help support local community development efforts through direct financing, some of the most effective programs are those that incentivize the private sector to make these investments.
An inclusive economic development framework requires equitable access to capital and technical assistance for small businesses.
For too many years, transportation policy has not considered the full impact of transportation investments on lower-income and minority communities.