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The COVID-19 pandemic took a toll on the economy, but 

economic recovery has been strong in 2021

. New businesses are opening at record rates, and economists even say the 

 is a good sign because it means Americans are confident in the labor market. 

But economic recovery has not been equal. Even before the pandemic, Minneapolis had one of the 

worst racial gaps for economic opportunity in the nation

. And the pandemic exacerbated inequalities between white workers and workers of color, who were up to twice as likely to report loss of income during the pandemic. 

But closing the economic opportunity gap is crucial for the Twin Cities’ economy and will benefit all workers, according to

 released by the management consulting firm 

MPR News host Angela Davis talks with a McKinsey researcher about the new report and how Twin Cities companies can work towards a more equitable economic recovery. She also talks with Tawanna Black from the Center for Economic Inclusion and MPR News senior economics contributor Chris Farrell. 

Use the audio player above to listen to the full conversation.

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The COVID-19 pandemic took a toll on the economy, but economic recovery has been strong in 2021. As the economy recovers, it’s crucial for the Twin Cities to close the economic opportunity gap, according to a new report released by the management consulting firm McKinsey & Company. 

MPR News with Angela Davis - The COVID-19 pandemic took a toll on the economy, but economic recovery has been strong in 2021. But economic recovery has not been equal. Even before the pandemic, Minneapolis had one of the worst racial gaps for economic opportunity in the nation.  As the economy recovers, it’s crucial for the Twin Cities to close the economic opportunity gap, according to a new report released by the management consulting firm McKinsey & Company. Angela Davis talks with a McKinsey researcher about the new report and how Twin Cities companies can work towards a more equitable economic recovery. She also talks with Tawanna Black from the Center for Economic Inclusion and MPR News senior economics contributor Chris Farrell. 

How an equitable economic recovery benefits us all

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