Initiative for a Competitive Inner City (ICIC) recommends policies to increase racial equity in manufacturing supply chains
Three pieces of federal legislation enacted in 2021 and 2022—the Infrastructure Investment and Jobs Act (IIJA), CHIPS and Science Act (CHIPS Act), and Inflation Reduction Act (IRA)—collectively authorize nearly $1.5 trillion to reshape America’s industrial landscape. But will this money help the 107 Black-owned and 151 Hispanic-owned companies in the manufacturing supply chains that the legislation is designed to support?
$16 trillion economic cost of racial discrimination for last 20 years; manufacturing organizations focusing on workforce equity
Against the backdrop of a recent report from Citigroup Global Perspectives & Solutions that tags the cost of failing to address the racial gaps between Blacks and whites in the U.S. economy over the last 20 years at $16 trillion, the Industry and Inclusion initiative — a joint effort by the Urban Manufacturing Alliance and the Century Foundation — is working towards making Diversity, Equity, and Inclusion (DE&I) the centerpiece of workforce development strategy.
Against the backdrop of a recent report from Citigroup Global Perspectives & Solutions that tags the cost of failing to address the racial gaps between Blacks and whites in the U.S. economy over the last 20 years at $16 trillion, the Industry and Inclusion initiative — a joint effort by the Urban Manufacturing Alliance and the Century Foundation — is working towards making Diversity, Equity, and Inclusion (DE&I) the centerpiece of workforce development strategy. Highlighting best practices for supporting people of color in accessing and building wealth through opportunities in manufacturing, the initiative offers a framework for all workforce development organizations to accelerate their efforts in closing racial equity gaps.