"A coalition of more than 40 corporate, civic and philanthropic organizations in Minnesota announced Tuesday that it’s received pledges of nearly $1 billion to help build wealth in Black communities.
The GroundBreak Coalition was formed after the murder of George Floyd to help close racial wealth gaps in Minnesota, by expanding opportunities for homeownership, entrepreneurship and commercial development.
Kevin Bennett is senior program officer for the Minneapolis-based GHR Foundation. He said Tuesday the pledges of more than $1 billion mean “that these resources will start flowing abundantly, reliably — and most importantly, permanently. So that aspiring homeowners, small business owners, developers can pursue the type of transformation that we want in our community.”
Gov. Tim Walz called the effort “transformational.”
“It’s essential to our survival as a state, both morally and economically, that you’re successful,” he told the crowd Tuesday."