McKinsey Institute for Black Economic Mobility
Our goal is to inspire, empower, and sustain action that leads to the economic development of Black communities across the globe.
About Us
The McKinsey Institute for Black Economic Mobility is a research institute and think tank dedicated to advancing racial equity and inclusive growth in the United States—and globally. Our mission is to help private-, public-, and social-sector leaders take coordinated action to accelerate Black economic development by providing in-depth research, convening with stakeholders, and translating research into practical assets and capabilities to create real-world impact.
Learn more about the Institute and why it was created.
Featured Research
Collection
The state of Black consumers: An opportunity for growth and equity
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Black consumers’ collective economic power is set to expand dramatically, from about $910 Billion in consumption in 2019 to $1.7 trillion (in nominal dollars) in 2030. Even so, they are more likely than their non-Black counterparts to live in consumer deserts and be underserved across all areas of consumption. This collection of research highlights both the social and commercial benefits of integrating broad racial-equity goals into consumer businesses to better serve Black consumers.
Article
Reimagining public health programs to deliver equitable impact
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By placing equity at the center of public health programs, government agencies could more effectively address disparities and improve health outcomes for all Americans.
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Zooming in: Using local insights to inform US racial-equity efforts
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Neighborhood-level data could help cities across the United States strategically craft interventions to effect real change for Black and Hispanic residents.
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Corporate commitments to racial justice: An update
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In the two years since McKinsey first analyzed corporate pledges to fight racial injustice, companies have continued to pledge money—but how it’s being spent remains unclear.
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How to close the Black tech talent gap
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Businesses risk billions if Black professionals continue to be underrepresented in tech jobs. Closing the gap means making changes to education, recruiting, and retention initiatives.
Our initiatives to advance racial equity
Next 1B
Our goal is to accelerate the growth of the next generation of billion-dollar Black-owned brands
Our 10 actions toward racial equity
How we plan to accelerate change within our firm and help combat racism across the world
Black Leadership Academy Experience
Helping to accelerate the progression of Black leaders in their organizations
McKinsey Inclusive Business Accelerator
Advancing racial equity and inclusive economic empowerment
Featured video
Reflections: Advance racial equity
To America’s leaders, innovators, and changemakers: the task of building a more perfect society needs your help.
Investing in Social Innovation and Economic Mobility
Senior partner Shelley Stewart joined Cheryl Dorsey, president of Echoing Green, and Donnel Baird, CEO and founder of BlocPower,...
Featured Essay
Reducing Racial Wealth Gaps - And Why That Matters for Families and the Economy
Aspen Financial Security Program, Aspen Institute. The Future of Building Wealth: Brief Essays on the Best Ideas to Build Wealth - For everyone. Brenden McKinney, Nick Noel, Duwain Pinder and Shelley Stewart
The essay is in Section VIII
Our people
The Institute is led by a group of McKinsey colleagues and is governed by internal and external advisers. Our internal advisers comprise global leaders from McKinsey who represent a diverse range of geographies and practices. Our external advisory board, which is composed of senior leaders from across the private, public, and social sectors, bring an objective perspective to our work.
Shelley Stewart
Senior PartnerNew York
Helps companies accelerate growth in the private-equity, advanced-industries, and technology sectors; guides organizations across sectors to build a more inclusive, dynamic economy
Bob Sternfels
Global Managing PartnerBay Area
Bob serves as the global managing partner of McKinsey & Company
Tiffany Burns
Senior PartnerAtlanta
Serves consumer-facing organizations on broad transformation efforts to significantly improve performance and leads 10 Actions, the firm’s efforts to achieve greater racial equity for Black Americans and combat racism