Long Island Is Missing More Than $24 Billion

Cross-posted from Next City

“Equity is the new growth strategy,” PolicyLink CEO Angela Glover Blackwell likes to say these days. A new report from her organization argues that the economy of New York’s Long Island would have been $24 billion stronger in 2014 alone if racial gaps in income were eliminated.

That’s $24 billion in foregone spending, investment and tax revenues in Long Island’s two counties, Nassau and Suffolk, due to longstanding inequality, coupled with policies ignoring history. That’s $24 billion left on the table in just one year, and it’s an annual loss that will only get larger every year, if nothing is done to address persistent racial inequalities.

Read the full story in Next City>>>