What is Inclusive Economic Development?

Imagine a future where everyone—no matter their race, income, gender, or geography—can thrive. A future where economic opportunity isn’t just a dream but a reality for all.

At the New Growth Innovation Network (NGIN), we are dedicated to turning this vision into reality. Our mission is to power inclusive economies that uplift communities and drive meaningful change.

But what exactly is an inclusive economy?

What Is an Inclusive Economy?

An inclusive economy promotes economic growth while reducing economic inequality. It ensures that opportunities are accessible to everyone, creating a foundation for shared prosperity.

Three essential elements, the Three Cs—Commitment, Capacity, and Capital, are the cornerstone of fostering economic inclusion:

  1. Commitment - A strong dedication to tackling disparities faced by low- to moderate-income and BIPOC communities is vital. True commitment goes beyond words—it’s about action.

  2. Capacity - The ability of leaders and organizations to identify community needs, develop effective programs, and adapt to external changes is critical for sustained success.

  3. Capital - Financial resources, including grants and investments, play a pivotal role in implementing inclusive economic strategies.

At NGIN, we bring the Three Cs to life through our programs and initiatives. By offering training, technical assistance, and funding, we empower organizations and city leaders to integrate equity into their work. Are you ready to join us in building this future? Visit our Initiatives page to learn more and take the first step toward creating a more inclusive tomorrow.

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