“A recent survey of Harvard Business School alumni found that fully 71% of respondents felt their business was harmed by rising inequality, middle-class stagnation, growing poverty, or limited economic mobility. And 66% of respondents felt that addressing these issues mattered more than promoting economic growth.
Nonetheless, too many employers still act as if improving the well-being of workers and families is someone else’s job.
That mindset is a mistake. Business leaders are not just employers: as frequent board members for regional economic development entities, they have a major influence on the civic agenda in the cities and metropolitan regions in which their firms are located. Along with partners in government and the nonprofit sector, they have the power to shift and broaden the purpose and practice of economic development.”