Mastercard Launches Toolkit to Help Community Leaders Drive Sustainable, Inclusive Growth

The Mastercard Center for Inclusive Growth is unveiling a groundbreaking suite of tools that will provide local leaders with timely data-driven insights on the current state of and potential for inclusive growth in their communities. The announcement comes as private and public sector leaders gather in Washington for the inaugural Global Inclusive Growth Summit.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191021005221/en/

(Graphic: Business Wire)

For the first time, the new Inclusive Growth Toolkit brings together a clear, simple view of social and economic growth in underserved communities across the U.S., at the census-tract level. This was created in response to growing demand from community leaders for more evidence-based insights, to help them steer impact investment dollars to locally-led economic development initiatives, unlock the potential of neighborhoods, and improve quality of life for all.

The Inclusive Growth Toolkit includes:

• The Inclusive Growth Score, an interactive online map where users can view measures of inclusion and growth and then download a PDF Scorecard for any of the QOZs at census tract level
• A deep-dive analytics consultancy service that provides community leaders with customized insights to inform policy decisions, prospectus development, and impact investor discussions

The initial design of the toolkit is focused on driving sustainable growth for the more than 37 million people living in the 8,700+ QOZs throughout the U.S. This comprehensive picture reveals that neighborhoods can look very different and may require different types of interventions to achieve successful and sustainable growth.

To date, stakeholders have often relied on generalized, outdated sources of information that aren’t connected. This new approach provides one simple view, bringing together a broad set of sources, including publicly available information¹, firmographic data from third party data providers and unique and timely insights based on Mastercard’s anonymized and aggregated transaction data.

“To achieve better outputs we need to ensure better inputs,” said Mike Froman, chairman, Mastercard Center for Inclusive Growth. “At Mastercard, we’re working to build a digital economy that works for everyone everywhere. That requires us to apply the full range of our assets – from philanthropy and thought leadership to products, technology, data science and expertise. We are working hand in hand with community leaders in a collaborative effort to reimagine growth.”