The country's shifting demographics have huge implications for U.S. industry and the economy. By 2030 minorities are projected to provide all of the net growth of workers in the labor force. Experts say that increased public investment, skills training, and workforce development are crucial to improving the economy, expanding the middle class, and empowering the country's minority populations.
In an era of slow financial growth and tight public budgets, American minorities have taken to entrepreneurship, innovation and service to create new jobs, build wealth, and provide critical social value for their communities. Minority businesses make up 15 percent of the country's small businesses today and employ 5.9 million workers.
On Tuesday, June 24th National Journal hosted the fourth Next America summit where we convened the nation's key opinion leaders for a robust discussion about minority financial empowerment, workforce development and entrepreneurship. We explored questions such as: How can government grow the economy and improve the job market for all of its citizens? How can the public and private sectors best equip U.S. minorities with the skills they need for work? How do small businesses impact community growth? And what is the future of minority entrepreneurship?