Recipe for change: eliminating health disparities and economic empowerment – the essence

Throughout the 12 months, the Global Black Economic Forum held quite a few select conversations focused on solutions to the most pressing economic and social issues facing marginalized communities. One of those issues – too often missed – is the link between Black health and wealth. If we do not start eliminating health disparities and inequalities today, we cannot give you the chance to construct wealth for the future.

This intersection was the focus of an event we hosted in August as a part of our cooking talk series. It was held on Martha’s Vineyard, round the corner National Medical Scholarships (NMF), the Black World Economic Forum had the opportunity to satisfy with NMF’s unapologetic leader, Michellene Davis. Recognized by Modern Healthcare magazine as certainly one of the 25 most influential minority leaders in healthcare, Michellene’s profession has involved policy advocacy and social change.

Her organization is devoted to increasing the variety of Black, Indigenous and physicians of color through fellowships, service-learning programs, mentoring opportunities and clinical research leadership training.

The conversation revealed two easy and interconnected data points: In the next decade, the United States will experience:huge shortage of doctors while becoming a majority non-white nation. These two trends highlight the need for greater diversity on this field. Studies have shown that patients of color see racially and ethnically diverse physicians. Treatment results are frequently higher.

However, the percentage of black doctors in the US is growing at an alarmingly slow rate – it has only increased by 4% over the last 120 years.. In the face of conservatives’ regressive and destructive attacks on diversity, equity, and inclusion efforts, there has never been a greater need for us to redouble these efforts. The more we are able to improve health outcomes, the higher we’ll give you the chance to seize and compete for economic opportunities in the future. Given the urgent need to deal with health care workforce disparities and their direct impact on Black economic outcomes, it’s equally essential to acknowledge the broader economic opportunities that may drive wealth creation in our communities.

The competition for certainly one of the best economic opportunities in the history of tourism and hospitality – the 2026 FIFA World Cup – was the focus of our other curated conversation. Organized round the corner East Point Congress and Visitors Bureau, we sat down with its president, Chantel Francois. In her position, she is responsible for the development of the tourism industry in the city of East Point, Georgia. Previously, she led economic development and tourism promotion efforts in Atlanta, Trinidad and Tobago.

Francois described how local businesses run by entrepreneurs of color can leverage global events like the FIFA World Cup to extend their brand visibility, increase sales, and even start their very own businesses. She emphasized the importance of partnerships with event organizers, teams and athletes in constructing company awareness. This cooperation can also be crucial as the city government works with many stakeholders to make sure the safety of tourists and maximum economic opportunities for the area people.

When it involves such major events, it is usually essential to instill a way of community pride in each sector wherein an organization competes. This pride translates into a robust bond with travelers that may make them proceed to interact with small businesses or spark curiosity in them to learn more about the community. The 2026 FIFA World Cup has the potential to place tens of millions of dollars into the pockets and communities of individuals of color, and it’s crucial for businesses to begin planning now in the event that they have not already.