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Just after dawn last Wednesday, the smell of smoke lingered over the intersection of Lake Street and Chicago Avenue in Minneapolis. It's a major commercial thoroughfare, home to dozens of black-owned businesses. It's also eight blocks from where George Floyd suffocated beneath a police officer's knee and died on May 25. During the chaos that followed, dozens of Lake Street's buildings and businesses burned.

It was a serious blow to a community that's struggled for decades to achieve economic equality. In 2018, the median income for black households in the Minneapolis-St. Paul area was $38,200; for whites, it was $82,500. That’s a wider gap than for the United States as a whole, despite the area’s progressive reputation, a corporate community that's renowned for its civic-mindedness, and a robust regional economy.

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