The Opportunity
The labor participation rate reveals an untapped potential for entrepreneurs expanding their workforce. In Minnesota, with 2.7 million employed and 800,000, including 200,000 minorities, not participating, demographic shifts necessitate extending opportunities to underemployed communities and addressing social disparities.
White households often have 3-4 times greater advantages, contributing to disparities in unemployment rates, income levels, and homeownership percentages.
Our Belief
At NLP, we firmly believe that entrepreneurship is a key solution for closing the wealth gap and creating jobs. Through collaboration and targeted support, we aim to empower business owners and uplift communities facing under-employment and lower socioeconomic conditions.