carol coletta_opportunity dividend summit
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TRANSCRIPT
![Page 1: Carol Coletta_Opportunity Dividend Summit](https://reader031.vdocuments.mx/reader031/viewer/2022020206/5461d0f2b1af9f86228b4c01/html5/thumbnails/1.jpg)
Sponsored by:
The Opportunity Dividend Summit
![Page 2: Carol Coletta_Opportunity Dividend Summit](https://reader031.vdocuments.mx/reader031/viewer/2022020206/5461d0f2b1af9f86228b4c01/html5/thumbnails/2.jpg)
The Opportunity Dividend
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National Gains
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Opportunity
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The Hypothesis
• Households living in poverty are key driver ofpublic service costs
• Reducing poverty can reduce public sector costsfor health care, income support and social services
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Estimating the Gain
• Each additional person in poverty is associatedwith $8,200 in spending on social service andincome maintenance programs
• Only includes Medicaid, food stamps andassistance to families—including the TANFprogram and other state administered generalassistance
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Detroit’s OpportunityDividend
If we decrease Detroit’s poverty rate from 12.9percent to 11.9 percent…
The Detroit Opportunity Dividend =
$396 million annually
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City Dividends
Total City Dividends for Detroit…$4.6 Billion Annually
$3.4 billion $396 million$820 million
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City Dividends
Total City Dividends for the nation…$166 Billion Annually
$124 billion $13 billion$29 billion
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What can urban leaders do to achieve theOpportunity Dividend now?