Alex Krowiak / Gavel Media

BC Announces 'Economic Growth for All' Initiative

On Oct. 6, 2016, Boston College President William P. Leahy, S.J. and Provost David Quigley joined forces with Newton Mayor Setti Warren (a graduate of BC, Class of 1993) to announce joint support and partnership regarding Warren’s new economic initiative: Economic Growth for All.

A product of collaboration between BC faculty and Newton city officials, this new program is designed as “a research-based policy framework” focusing on both economic mobility and income inequality around the Newton area.

BC, championing its motto “men and women for others,” has expressed its commitment to and support for this new initiative.  

“The priorities outlined by the Mayor and his team align well with many of Boston College’s research strengths. Together I believe we can model a university-city partnership that addresses pressing societal concerns," said BC’s Provost and Dean of Faculties David Quigley. 

Last year, the university was one of several Boston locations to host a conference centered on the difficult climb towards the middle class and forward for low-income citizens.

Mayor Warren, currently the chair of the U.S. Conference of Mayors Community Development and Housing Committee, was quoted in a recent press release referring to income inequality as “the issue of our time.”

Proposals for this new initiative will be submitted to the city on Dec. 2. Some of these will address issues ranging from education to economic innovation.

Additionally, the initiative will be involving BC faculty through methods of research, internships, and public service. The graphic below from the City of Newton’s website outlines how the city is planning on achieving this goal of economic equality: 

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The initiative is working off of a wealth of background information coming from both the Brookings Institute and BC’s Center for Retirement Research, as well as calculations of the cost of living in the city of Newton.

Mayor Warren has stressed the importance of how this is a grassroots economic plan, truly dedicating itself to the economic viability and mobility of the residents of Newton.

The city of Newton used the MIT Living Wage Calculator to find that a single-parent home with two children needs to have a minimum income of $72,874 to live in Newton, which is more than $8,000 over the annual minimum income of neighboring areas.  

As the BC press release indicated, the city of Newton “is home to roughly half of its Main Campus and the Boston College Law School Campus on Centre Street”, in addition to over 700 BC employees. 

BC’s support of the “Economic Growth for All” initiative is hoped to strengthen the university's relationship with the community and local government in light of its continuing commitment to its Jesuit motto, “men and women for others.”

 

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