New Growth Innovation Network (NGIN) Launches Guide to Elevating Equity in Economic Development
WASHINGTON, May 10, 2023 /PRNewswire-PRWeb/ -- Leadership from the New Growth Innovation Network (NGIN) today released a capstone report as part of its Inclusive Recovery Initiative, a national program supported by the U.S. Economic Development Administration and delivered in partnership with the National Association of Development Organizations Research Foundation (NADO RF). The initiative aims to support Economic Development Organizations and Districts in embedding inclusive and equitable growth into their COVID-19 recovery strategies and in the development of regional Comprehensive Economic Development Strategies (CEDS).
"This work is a culmination of a years-long effort to harness the power and perspectives of expert stakeholders from across the nation to inform and accelerate inclusive economic growth post-pandemic. The Inclusive Recovery Toolkit is action-oriented and evidence-based. It provides a roadmap to ensure sustained efforts towards shared prosperity. We are truly fortunate to have such a remarkable talent collective dedicated to dismantling barriers to inclusive growth," said M. Yasmina McCarty, CEO & President of NGIN.
A Comprehensive Economic Development Strategy that explicitly focuses on equity will advance economic growth and long-term American competitiveness. The network of nearly one hundred EDDs and EDOs engaged in the initiative's community of practice provided invaluable insights alongside NADO and NGIN.
"Ultimately economic development is about people and the Inclusive Recovery Initiative fortifies our efforts to ensure that all communities are provided the opportunity to participate in our economy. I thank NGIN, NADO and our EDDs for leading these efforts. We are excited to share this new guide which provides a critical framework to further enhance accountability for continued economic growth with equity at its core," added Alejandra Y. Castillo, Assistant Secretary of Commerce for Economic Development, who spoke at the launch event.
Elevating Equity in Economic Development: An Inclusive Recovery Toolkit, is presented as both an online interactive toolkit and in-depth downloadable guide. It features Diversity, Equity and Inclusion modules with illustrative best practices and recommendations to get started. The 85 page guide includes resources tailored for Comprehensive Economic Development Strategies and serves as a reference when planning for inclusive economic growth. The Guide is available at recovery.newgrowth.org
About New Growth Innovation Network (NGIN) (http://www.newgrowth.org)
This guide was developed by New Growth Innovation Network (NGIN), a knowledge, insight, and innovation hub, supporting economic development practitioners advance inclusive economic growth in their region. Established in 2018, NGIN is a nonprofit organization focused on closing structural opportunity gaps, to ensure that economically disenfranchised people of color, women, and neglected geographies are a core part of regional economic growth and prosperity. NGIN works to drive systemic change through the NGIN community of practitioners, its platform of insights, and innovations.
This tool was prepared by New Growth Innovation Network (NGIN) using Federal funds under award ED21HDQ3070009 from the U.S. Economic Development Administration, U.S. Department of Commerce. The statements, findings, conclusions, and recommendations are those of the author(s) and do not necessarily reflect the views of the U.S. Economic Development Administration or the U.S. Department of Commerce.
About the U.S. Economic Development Administration (http://www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA invests in communities and supports regional collaboration in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth. This project was through EDA's RNTA program. More information on EDA's RNTA program can be found here.
About NADO Research Foundation (NADO RF)
National Association of Development Organizations (NADO) Research Foundation was a sub-awardee on the project and an important collaborator in this work. NADO RF provides technical assistance, education, research, and training to support and strengthen the national network of Regional Development Organizations (RDOs).
Media Contact: Renee Harper, [email protected], (917) 817-1287
Media Contact
Renee Harper, New Growth Innovation Network, 1 9178171287, [email protected]
SOURCE New Growth Innovation Network
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