LOOKING FORWARD: WHY THE ROAD TO PROSPERITY STARTS WITH EQUITY

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1 LOOKING FORWARD: WHY THE ROAD TO PROSPERITY STARTS WITH EQUITY MANUEL

2 Decadal Population Growth Rates by Race/Ethnicity United States, % 109% 100% 50% 53% 58% 50% 43% 43% 0% 16% 12% 11% 4% 3% 1% White Black Latino Asian/Pacific Islander

3 Decadal Population Growth Rates by Race/Ethnicity Colorado, % 100% 100% 73% 71% 50% 41% 45% 12% 20% 10% 28% 24% 26% 19% 0% White Black Latino Asian/Pacific Islander

4 Decadal Population Growth Rates by Race/Ethnicity Denver-Aurora, CO Metro, % 100% 88% 102% 80% 50% 43% 48% 10% 23% 18% 22% 9% 20% 29% 0% White Black Latino Asian/Pacific Islander

5 Total Population Growth by Decade Denver-Aurora, CO Metro, People of Color Non-Hispanic White 276, , , , ,288 78,

6 U.S. Change in Youth (<18) Population by Race/Ethnicity, ,788, , ,683 White Black Latino API Other -248,081-4,310,525

7 Change in Youth Population by Race/Ethnicity U.S. and Colorado, White Black Latino API Other 50% 40% 39% 45% 41% 37% 30% 31% 31% 20% 10% 6% 0% -10% -10% -2% U.S. -3% Colorado -20%

8 Changing Demographics United States, % 90% 80% 70% 60% 6% 12% 3% 9% 12% 2% 2% 3% 3% 4% 4% 5% 6% 7% 8% 13% 12% 16% 12% 19% 12% 22% 12% 24% 13% Other Native American Asian/Pacific Islander 50% Latino 40% 30% 20% 80% 76% 69% 64% 59% 55% 51% Black White 10% 0%

9 Changing Demographics Colorado, % 90% 80% 70% 60% 2% 12% 13% 3% 4% 2% 2% 3% 2% 3% 4% 3% 3% 4% 4% 17% 4% 21% 4% 23% 4% 26% 4% 29% 4% Other Native American Asian/Pacific Islander 50% Latino 40% 30% 20% 83% 81% 74% 70% 66% 62% 58% Black White 10% 0%

10 Changing Demographics Denver-Aurora, CO Metro, % 90% 80% 70% 60% 50% 2% 11% 13% 5% 6% 2% 2% 3% 3% 3% 4% 4% 4% 5% 6% 19% 5% 22% 5% 26% 5% 29% 5% 32% 6% Other Native American Asian/Pacific Islander Latino 40% 30% 20% 81% 79% 71% 66% 61% 56% 52% Black White 10% 0%

11 Percent Foreign Born U.S., Colorado, and Denver-Aurora, CO Metro Denver-Aurora Metro Colorado United States 15% 12% 9% 6% 3% 6.2% 4.5% 4.0% 7.9% 5.0% 4.3% 11.1% 10.9% 8.6% 12.7% 12.1% 9.7% 0%

12 Race/Ethnicity by Nativity, Denver-Aurora, CO Metro, API, U.S.-born 1.3% Latino, Immigrant 6.6% API, Immigrant 2.4% Other or mixed race 2.2% Latino, U.S.-born 16% Black 6% White 65%

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20 *white tracts = no population

21 *white tracts = no population

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23 Median Age by Race/Ethnicity, U.S. Colorado White API Black Native American and Alaska Native Latino Other or mixed race

24 THE GAP MATTERS

25 THE GAP MATTERS

26 Racial Generation Gap U.S. and Colorado, 1980 to % 45% 40% 35% 30% 25% 20% 15% 10% 5% US POC Youth Colorado POC Youth US POC Seniors Colorado POC Seniors The generation gap 0%

27 CHALLENGE OF INEQUALITY

28 CHALLENGE OF INEQUALITY percent of income % Income Distribution in the U.S., Educational Attainment by Race/Ethnicity/Nativity, % 15% 10% 5% Top 1% (incomes above $394,000 in 2012) Top 5-1% (incomes between $161,000 and $394,000) Top 10-5% (incomes between $114,000 and $161,000) 0% Source: Emmanuel Saez, Striking It Richer: The Evolution of Top Incomes in the United States (Update : September 15, 2013.

29 BUT ISN T COLORADO GROWING? Job Growth Rate U.S., Denver, and Colorado, % Denver-Aurora, CO Colorado United States 100% 80% 60% 40% 20% 0%

30 Income Percentiles, Earned Income for Full-Time Workers ($2010) U.S. and Denver-Aurora, CO Metro, * Denver-Aurora, CO United States 18% 15% 11% 4% 10th Percentile 20th Percentile 50th Percentile 80th Percentile 90th Percentile -1% -5% -11% -10% -8% -16%

31 BUT WE MOVE UP OVER TIME? Class Stickiness Income Inequality 31

32 AND WHAT ABOUT RACE? Percent of Families Living Below 150 Percent of the Federal Poverty Line by Race/Ethnicity Colorado % 37% 41% 41% 31% 19% 19% 23% 22% 24% White Black Latino Asian/Pacific Islander All

33 AND WHAT ABOUT RACE? Percent of Families Living Below 150 Percent of the Federal Poverty Line by Race/Ethnicity Denver-Aurora, CO Metro % 38% 39% 36% 15% 16% 26% 21% 21% 18% White Black Latino Asian/Pacific Islander All

34 AND WHAT ABOUT RACE? Educational Attainment (of Adults 25-64) by Race/Ethnicity Colorado, % 9% 24% 23% 11% 28% 13% 6% 20% 28% 48% 7% 16% 38% 9% 23% BA or higher AA degree Some college HS Diploma 19% 4% 27% 11% 33% White Black Latino Asian/Pacific Islander 18% 21% 12% 9% All Less than HS

35 HOUSING BURDEN AS CHALLENGE Denver-Aurora Metro, All Asian/Pacific Islander White Latino Black 65% 60% 55% 57% 50% 45% 46% 39% 35%

36 THINKING NEW: EQUITY AND GROWTH Conventional wisdom in economics says there is a trade-off between equity and efficiency. But, new evidence shows that regions that work toward equity have stronger and more resilient economic growth for everyone.

37 EVIDENCE: EQUITY AND GROWTH Even the Federal Reserve Bank of Cleveland found that that racial inclusion and income equality matter for growth. Image Sources:

38 EVIDENCE: EQUITY AND GROWTH

39 EVIDENCE: EQUITY AND GROWTH We have developed these ideas further in...

40 AND WHY SO IMPORTANT NOW?

41 A WAY FORWARD: EQUITABLE GROWTH So it s a challenge for all of us: economic development folks and business leaders need to rethink the role of equity But equity proponents need to consider economic realities and constraints and propose feasible, growth-enhancing approaches And we need the workforce, land use, transit, financial and fiscal policies and practices to make this real

42 ROOTS AND RELATIONSHIPS

43 DATA AND DIALOGUE

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45 VALUES AND VISION Speak to people s aspirations for the future not just their anger and anxieties Stress that equity and inclusion are fundamental to economy not add-on s Have the courage to take risks, to convene unusual allies, to challenge systems and old beliefs

46 LEADING THROUGH THE DIVIDE

47 FOR