Thursday, February 26, 2009

Black Capital Makes Minnesota Wealthier

I ran a simulation of the economic impact of over 145,000 Black workers in Minnesota. The model estimated that these workers helped increase earnings of other workers in Minnesota to the tune of almost 10 billion dollars. Black Capital makes Minnesota wealthier. I used the EMSI model which is an input-output model used by economists to give us a snapshot of economic impacts. The model has its own limitations but nevertheless helps us gauge broad economic impacts. For more information and data on the ethnic economy in Minnesota and the nation see Bruce P. Corrie, PhD