RI’s Changing Demographics – An Economic Opportunity

Michael S. Van Leesten + Brian Hull, Guest MINDSETTERS™

RI’s Changing Demographics – An Economic Opportunity

Rhode Island is undergoing significant economic and demographic shifts that present a unique opportunity to strategically plan and capture new vigor in support of the State’s broader strategic economic development planning.

In Rhode Island, Latino, African-American, Native American and Southeast Asians are disproportionately represented in areas of unemployment, underemployment, and limited business development. At the same time, these groups bring vitality, entrepreneurship, rich cultural diversity, linkages with their home countries, and strong work ethics that are underutilized – the state’s currently invisible economic development resource.

The 2010 U.S. Census data for Rhode Island revealed growth in the following population group: Hispanics 62.4 percent, African-Americans 23 percent, and Asian 28.1 percent. The City of Providence is a majority/minority city with a non-White population of 63%, and by 2040, people of color will represent 41% of the State’s total population. The data is clear, the trends are compelling, and the opportunity is immense.

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However, the data suggest a need for a much different planning approach – one that is more inclusionary of the growing demographics. Economic investment in urban communities must be shifted from a social-service model to a business growth model where today’s minority populations have the support to be economically self-sufficient. We must be inclusionary in our thinking and build a wider planning circle that incorporates our state’s minority populations.

Michael S. Van Leesten
There exist bright spots of business development in the minority communities. According to a US Census Bureau 2007 Survey of Business Owners, over a five year period there was growth in Latino businesses of 68%, Asian businesses of 28%, and African American businesses of 23%. Moreover, there are higher levels of entrepreneurship found within our immigrant communities. These are important business trends that should be recognized and celebrated and used as the basis to bring these groups to the table as equal partners. Growing and building on these successes make sense and will be required to ensure economic opportunities are shared equally.

Presently there are five important economic, workforce development, and social equity initiatives underway that should incorporate real inclusion of the State’s emerging demographics that have been historically marginalized. The blended activities of these five initiatives present a unique opportunity for minority participation.

  • The RI Foundation’s Make it Happen Initiative
  • The RI Senate’s Rhode to Work
  • The I-195 Redevelopment Commission
  • The RI Statewide Social Equity Rhode Map
  • The Providence School Department’s Career & Technical Education Plan

No longer can the demographics of our state be given secondary consideration for it is not in our collective best interests. The old paradigm that ignored particular neighborhoods and communities is outdated and we need to be inclusionary of people of color from the start.

Brian Hull
An added value has been the establishment of a partnership between the OIC of Rhode Island and the Initiative for a Competitive Inner City (ICIC). ICIC is considered the leading authority nationally on U.S. inner city economies and the urban businesses that thrive there. Leveraging ICIC’s demonstrated capability with OIC’s bridge building capacity in urban neighborhoods and the public and private sectors provides an additional tool for the State’s economic development planning.

Targeted urban planning and investment with the emerging demographic will lift all boats, and the potential in community economic development will enhance the broader statewide objectives. The entrepreneurial talent and workforce capacity is waiting to be mined, coupled with a deep yearning and need for jobs in our urban neighborhoods. Let us pursue the challenge together for the true value proposition for the state is economic inclusion.

Michael Van Leesten is the CEO of the OIC of Rhode Island and a member of the I-195 Commission. Brian Hull is the Senior Consultant for the Initiative for a Competitive Inner City.


I-195 Redevelopment: Key Players

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