Racial Equity: The Importance for Business and the Economy 

Racial equity is no longer just a nice to have, it’s a must-have for businesses and the economy. 

Racial equity is a social justice goal imperative and a major driver of the social and economic well-being of the United States, benefiting businesses, communities and families across the country, according to research from McKinsey & Company.  

“Racial equity is mission critical. We’re not going to be able to succeed as a country or as businesses economically without economies that incorporate the full breadth of who we are as a country,” says Julie Nelson, SVP of Programs and co-founder of Government Alliance on Race and Equity at Race Forward, an organization that builds strategies to advance racial justice.  

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