DEED awards $3.08M for blighted properties

In the eyes of some, state government is a hulking, slow-moving machine perpetually bogged down by bureaucracy. Fearful of failure, state agencies generally avoid taking bigger risks, even if they could lead to bigger payoffs. But what if government agencies became more comfortable with risk? That’s what Steve Grove...Continue Reading

Of the 44 Black-owned banks and credit unions in the U.S. with approximately $8.12 billion in assets, none are in Minnesota. That changes today, when Minnesota’s first known Black-owned bank, First Independence Bank, 3430 University Ave. S.E., Minneapolis, opens for business.  “We know that banks represent beacons of hope,”...Continue Reading

Driving long-term progress in racial equity in Minnesota’s economy requires new thinking. While incremental changes are important, it’s the systemic changes that examine the root of how systems work and transform them for stronger outcomes that drives lasting change. As we continue our series on DEED’s five racial equity...Continue Reading