IS AN INCLUSIVE ECONOMY?
The Inclusive Economy is propelled by three types of entities: 1) inclusive businesses, i.e., corporations and small and mid-sized enterprises that adhere to inclusive principles; 2) social entrepreneurs; and 3) enablers. Inclusive businesses participate through inclusive employment] practices, sustainable and inclusive value chains, corporate social responsibility and philanthropy. Social entrepreneurs participate by operating social impact enterprises; and enablers by providing valuable support services in this ecosystem
And Why Now?
Situated in the heart of Dallas, SMU’s Hunt Institute of Engineering and Humanity is a hub for social innovation. As the fourth largest economy in the nation and the tenth largest gross metropolitan product in the world, Dallas-Forth Worth is home to approximately 21 Fortune 500 corporate headquarters including Exxon Mobil, Toyota, American Airlines, Toyota, AT&T, Kimberly-Clark and Texas Instruments. With more than 300 large companies headquartered here, D/FW also has a strong presence from multinationals such as Pepsico, Schneider Electric and Bank of America.
At the same time, this tremendous corporate presence is juxtaposed by economic inequality. Despite its prosperity, Dallas has the highest rate of child poverty and inequality among major U.S. Cities. Dallas also has one of the most rapidly growing urban heat islands in America, behind only Louisville and Phoenix. The effects of increasing urban heat and climate change on public health, human productivity, agriculture, energy, water, and transportation infrastructure will exacerbate the challenges and impact residents at all socioeconomic levels.