The Texas 2030 Inclusion Challenge is a state-wide call to action for companies to start investing today in diversity and inclusion so that by 2030, their industry’s workforce demographics at all leadership levels will reflect the demographics of Texas’ communities as a whole.
To take Austin as an example, by the year 2030, Austin will be a leading technology hub, home to many more startup and fast-growing companies, and it will be more diverse than ever. However, we see that even as Austin experiences accelerated economic growth in the tech sector and other growing industries, its level of inclusivity and equitability are not keeping pace.
Nationwide, only 1.9% of tech executives are black, while black workers represent 12% of the workforce, as cited by the Harvard Business Review. 3% of tech executives are Hispanic, and only 1% of those executives is Latina. Diversity and inclusion isn’t only a concern of race but touches many identities through intersectionality. If these workforce representation numbers do not change, we will see greater wealth disparity for marginalized communities as we gallop towards the projected $0 black family median wealth by 2050.
The business case for diversity is clear: research shows that companies and organizations that lead with diversity and inclusivity drive innovation and increase profits/savings for the bottom line. We also encourage our partners to consider the human case. Work with us: to empower the communities you operate in to contribute to your companies’ work, to create a workplace that allows people of all backgrounds to feel psychological safety and equity, to offer opportunities for your workforce to experience the innovative potential of diversity
How do you start?
1) Accept the challenge, share it with peer organizations.
2) Work with the University of Texas at Austin’s Office of Inclusive Innovation and Entrepreneurship to connect with local workgroups comprised of invested partners committed to driving this resolution forward.
As a representative of my company, I accept the Inclusion Challenge and will work to create leadership and job opportunities for diverse candidates within my company so that by 2030, our workforce will reflect the demographics of the community we operate in.
1) We will work with neighboring companies and industries to share best practices so that we are able to strengthen our workforce ecosystem and help address economic disparity in our community.
2) We will support early childhood STEAM and Entrepreneurship programs that train future candidates in the skills they need to compete for an opportunity within our company.
3) We will work with education, nonprofit, and local government leaders to help steer this effort and create policies that help us attract and retain diverse talent.
4) Finally, we agree to share an annual diversity and inclusion report so that, with the Office of Inclusive Innovation and Entrepreneurship, we can track our collective progress towards the 2030 goal.