Game Change: Economic Equity and Regional Growth

From the Blog

Game Change: How Economic Equity Plays Central Role in Regional Growth

In the 25 years that Majestic Lane has lived in Pittsburgh, he has seen a major shift that indicates the region is poised for transition in the area of economic equity. And as the new chief equity officer of the Allegheny Conference on Community Development, he’s excited about helping to shape that change. 

Equity and inclusion are not just moral issues, Lane says: they are, in fact, economic necessities for building a business ecosystem that attracts and retains high-caliber talent and the companies these workers populate. 

Regions that dedicate themselves to achieving high degrees of economic equity and inclusion are far more successful in attracting talent and business than those that do not. A 2017 report by the Brookings Institution notes that cities and regions are best positioned to address inequality because they are best able to accommodate unique differences in local structure. 

By acknowledging economic equity as an imperative for the success and future of the region, and by making this principle a central plank in strategies moving forward, regional leaders are taking responsibility for creating a place where everyone can succeed and flourish.

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“When we cut the ribbon on yet another expansion project for a robotics science and life science center in Pittsburgh, it signals to the world that if you’re a tech and innovation company and you’re looking for a place to grow and expand, Pittsburgh is a place to do it.”

Pennsylvania Secretary of Community and Economic Development Dennis Davin (on the official opening of Smith+Nephew’s Pittsburgh R&D center and medical training facility for robotics surgery)
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Economic equity is a business necessity