Now more than ever, the traditional approaches to economic development are simply not working for cities—they exacerbate inequality and stifle growth, leaving the talent and potential of low-income residents untapped and the inequities of the market unchecked. But making progress on these issues will demand that foundations be patient, ready to innovate, and realistic in their understanding of the complexity of these issues. Read More

How Philanthropies Can Advance Racial and Economic Equity in America’s Cities
Rip Rapson, President and CEO, The Kresge Foundation
Phillip Henderson, President, Surdna Foundation