The African American Leadership Forum, in cooperation with a number of Twin Cities community development non-profits have produced a black paper that focuses on African American financial capabilities in the Twin Cities. This paper provides an analysis and prescription of what needs to be done to improve assets of African Americans. This black paper identifies new tools that have emerged to advance African American economic growth. Chief among these are multi-faceted collaborations involving two or more nonprofit or for-profit organizations, often including anchor institutions (nonprofit or for-profit organizations with a large stake and presence in a community). The paper was commissioned by the Twin Cities African American Financial Capabilities Community of Practice (AAFCOP), which comprises six African American led organizations:
- Aurora St. Anthony Neighborhood Development Corporation
- Build Wealth Minnesota
- Camphor Fiscally Fit Center
- Metropolitan Economic Development Association
- Model Cities of St. Paul
- Northside Economic Opportunities Network
The paper is based on an analysis of selected literature related to economic development in African American communities and is part of a larger effort to dissect, examine, and strengthen the Twin Cities AAFCOP’s newly-emerging economic development model.