"For more than a year, the Twin Cities nonprofit community, elected leaders and bankers have been working on a development initiative that may ultimately be valued around $5 billion, the largest in absolute dollars that the region has ever seen.
Called the GroundBreak Coalition and coordinated by the Minneapolis-based McKnight Foundation, approximately 40 banks, nonprofits and economic development agencies are tackling wealth and opportunity differences by race, something they've all tried before with varied success.
The group last fall celebrated its first funding milestone. And 2024 is the "stand up year" when the hard process work is being done ahead of rolling out specific programs in 2025."
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