Traditional models of development will not create new outcomes.
The events of 2020 have created a moment in time—an inflection point— providing us an opportunity to do things differently… to do things right… and to create intentional models for equitable development.
— Chris Montana, Co-Founder & President, Du Nord Foundation
BIPOC Wealth Development &
Incubator Project
Following the murder of George Floyd, the subsequent uprising resulted in the destruction of many buildings in Minneapolis and St. Paul—some of which were BIPOC owned and/or operated. We believe it is through BIPOC business and property ownership that radical change will occur in this country. So the way we rebuild, in order to visualize this equitable future, is for us to define—as the traditional model does not work.
Out of this unrest, we formed a group of black-owned building tradesmen with a commitment to building generational wealth within diverse communities and empowering persons of color to realize their full economic power.
Devoted to racial equity and economic wealth of BIPOC business owners, our plan envisions innovative business districts to create a one-of-a-kind destination for all Minnesotans to enjoy. This plan contemplates:
A diverse set of business owners anchoring a district devoted to business development
An identifiable site within Minneapolis
Property acquisition and development led by diverse firms and aimed at building capacity within communities of color
Business supports and incubation opportunities for new businesses
When executed, the end result will be a business district with: (1) a critical mass of POCI owned businesses, (2) a focus on cultural preservation, and (3) a launch platform for new POCI owned businesses.
BIPOC Building Trades
The 2020 group will include dozens of contractors, and other businesses all dedicated to the overall mission. Our leadership represents a core group of the building trades, anchor businesses, and development partners committed to developing capacity and economic power within communities of color.
Development Strategy
The Du Nord Foundation’s plan to create a truly iconic district within Minneapolis will require the collaboration of many organizations and persons both BIPOC and otherwise. Several potential partners have stepped forward to offer their services. All parties understand that the direction of the project will be decided by the 2020 leadership group and thus the project will be directed by persons of color.
Development Vision
The Project’s goal is to create an iconic district that will spur economic growth within BIPOC communities. With a mix of private “anchor” business and business incubation space, the area will be vibrant, profitable, and will address a portion of the hurdles new BIPOC owned businesses face, such as access to capital.