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Title: Cost-Benefit Analysis African Economic Development Solutions Prepared by Wilder Research
Citation Type: Miscellaneous
Publication Year: 2024
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Abstract: African Economic Development Solutions (AEDS) works throughout the Twin Cities metropolitan area to create wealth, lift immigrant communities out of poverty, and contribute to and benefit from the region’s vibrant economy. Over the past several decades, the proportion of African-born residents living in the Twin Cities has increased by 72% (Ruggles et al., 2007-2011; 2017-2021). The majority of African-born adults are working (78%) and more than half (56%) have attended at least some college. As Minnesota welcomes more immigrant communities, organizations like AEDS can play an important role in supporting and building the economic success of those who arrive. Business ownership is an important part of the United States economy and has multiple advantages for business owners in the form of independence, flexible lifestyle, learning opportunities, creative freedom and personal satisfaction, and financial rewards (Exploring Business, 2016). In addition, the ability to earn income, own a house, and build and sustain wealth is critical to the health and well-being of all Twin Cities residents, as well as the overall economy.
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Authors: Hollis, Justin; Nelson-Dusek, Stephanie
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Data Collections: IPUMS USA
Topics: Poverty and Welfare, Race and Ethnicity
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