Shared Prosperity Partnership Launched to Address Economic Inequality

Shared Prosperity Partnership Launched to Address Economic Inequality

The Kresge Foundation, the Brookings Metropolitan Policy Program, the Urban Institute, and Living Cities have announced the launch of a collaboration dedicated to supporting and accelerating local efforts to build more inclusive economies in cities across the country.

With $4 million in seed funding from the Kresge Foundation, the Shared Prosperity Partnership will work to strengthen and accelerate existing local efforts to expand prosperity, inform urban policy, and increase economic mobility while reducing disparities related to race, ethnicity, gender, and income. The partnership will focus on three goals: engaging with cities to better understand the most pressing challenges they face in building more inclusive economies; collaborating with local leaders to determine whether, where, and how the partnership can provide meaningful support to advance shared prosperity; and sharing insights and lessons learned with other leaders to inform the broader field of urban practice.

To that end, the partnership will convene leaders in select cities — including Minneapolis-St. Paul, Memphis, Cleveland, and Fresno, California — to discuss barriers to inclusive growth. Partner organizations also will provide participating cities with data, research, access to national experts in a variety of disciplines, and philanthropic resources. The partnership plans to highlight promising models through a series of publications, public forums, and a national summit to be held in 2019.

"Building an inclusive economy is the fundamental issue facing leaders of metropolitan America," said Amy Liu, director of the Brookings Metropolitan Policy Program. "By accelerating promising solutions already under way in cities and lifting up examples to inspire other innovators, the Shared Prosperity Partnership will help establish a new city-led practice to build inclusive growth in a disruptive age."

"Our nation only succeeds when our cities succeed, and our cities only succeed when all members of their communities succeed," said Kresge Foundation president and CEO Rip Rapson. "This collaboration is an innovative coming-together of national funders, researchers, and technical assistance providers to work in a more robust, more interconnected way in place. The nation needs new approaches and resources to support local efforts to push forward economic inclusiveness. This partnership seeks to ignite that very change."