Kerwin K. Charles, the Indra K. Nooyi Dean & Frederic D. Wolfe Professor of Economics, Policy, and Management, will help launch the Center for Inclusive Growth, a new Yale effort to promote economic and social development in New Haven, President Peter Salovey, New Haven Mayor Justin Elicker ’10, and Board of Alders President Tyisha Walker-Myers announced on November 17.
The announcement was part of a broader agreement to extend the partnership between Yale and the City of New Haven, including a larger financial contribution from the university to the city.
The Center for Inclusive Growth will seek to encourage economic growth in New Haven that benefits the entire community. An advisory board including Yale representatives and political and community leaders from New Haven will advise the center. Yale will invest $5 million in the center over the next five years.
“I look forward to the ways in which the Yale School of Management, with its mission of educating leaders for business and society, will engage with the center’s work,” Charles said. “Our students and faculty are eager to contribute their rigorous thinking and passion about improving the lives of those around us to a range of projects aimed at enhancing economic development and job growth. Likewise, I fully expect that we as a school will learn from our partners in the community. This center will be a source of insight, experience, and knowledge for the whole Yale campus. The stronger the connection between Yale and New Haven, the more we all benefit.”
Elicker added, “New Haven is experiencing significant growth at this moment and we are harnessing this growth in a way that should benefit all—through additional affordable housing, increased job opportunities, and expanded access to educational and career pathways. We are enthusiastic about our partnership with Yale in the creation of this center and that Yale has shown such commitment with this significant investment to start the center.”
Read an announcement of the agreement between Yale and the City of New Haven.