A new report released by the African American Leadership Forum (AALF) shows more than $4 billion dollars was spent by 7 of Minnesota’s public entities in contracts and purchasing goods
A new report released by the African American Leadership Forum (AALF) shows more than $4 billion dollars was spent by 7 of Minnesota’s public entities in contracts and purchasing goods and services in 2015 and 2016. However, spending with African American owned businesses was substantially less than 1 percent.
African Americans and ethnic minorities in Minnesota contribute an estimated $500 million dollars per year in state and local taxes. “Research – and AALF’s own work around socio-economic issues – has shown that when African American-owned businesses are utilized, they grow,” says Jeff Hassan, AALF’s Executive Director. “It increases the tax revenue base, energizing the economy.” Government representatives in attendance at the forum committed to increasing their spend with African American-owned businesses in 2018. Some have shown slight increase since the 2016 forum, but there’s still room for growth.
AALF will release its annual report during the 4th Annual Public Forum, Saturday March 10, at the Humphrey School of Public Affairs. For a copy of the report, media inquiries and information on the upcoming forum, please visit our website at: aalftc.org/programs/AALF5PointPlan, or call 612-670-6355.
(Saturday) 8:00 am - 2:00 pm
African American Leadership Forum612-670-6355