Gentrification, a form of economic development that results in high-income residents moving to low-income areas and displacing existing residents in the process, has been widespread in urban communities across the United States. Given the trend, is it possible to implement economic development strategies that benefit existing residents and allow them to remain connected to place? […]
This year, we tried something new at the Color of Wealth Summit: bringing in the voices of activists who work to make life better for their communities. People living in public housing are not usually at the front and center of the discussion about asset building strategies, but their economic wellbeing should not be ignored. We talked […]
This year, we had the honor of hearing from Congressman G.K. Butterfield, Congresswoman Barbara Lee, and Congressman Ted Lieu.
This exciting interactive session brings together financial service innovators with a panel of business savvy professionals (“sharks”) who vetted the concepts and offer an insider’s perspective on what makes a proposal investment-worthy. The session will feature entrepreneurs with ideas that seek to bring vulnerable populations into the financial mainstream. Judges Janis Bowdler, Managing Director, Financial […]
Owning a business can help reduce the racial and ethnic wealth gap by allowing individuals to fulfill their potential to create wealth-generating opportunities for themselves and others. Equitable opportunities for entrepreneurship may also increase jobs and economic development in areas where people of color and those with lower incomes disproportionately reside, which in turn improves […]
The 2016 Color of Wealth Summit focused on entrepreneurship in communities of color, so we wanted to start the Asset Builder Champion Awards Reception with a conversation with entrepreneurs, who shared what it took to find business success. Moderator: Jamal Simmons, Principal, The Raben Group Entrepreneurs: Osiris Hoil, District Taco Gabrielle Jordin, Jewels of Jordin Aaron Saunders, […]
Senator Elizabeth Warren was the keynote speaker at our 2016 Color of Wealth Summit. Below is an excerpt about our new report, “The Color of Entrepreneurship: Why The Racial Gap Among Firms Costs the U.S. Billions.” Watch her entire keynote address.
Designing and implementing policies to close the racial wealth gap For policy to be effective in achieving desired goals, close attention must be paid to decisions made during the design and implementation stages. But how do we ensure that public policies are designed and implemented in a way to ensure that all Americans have the […]
What’s the Code Got to Do with It? Tax Fairness and the Racial Wealth Gap Out of the world’s top 22 industrialized countries, the United States has the highest level of wealth inequality after taxes and transfers. Despite such redistributive measures as the Earned Income Tax Credit, the U.S. tax code and other transfers do […]
The Macroeconomic Effects of Racial Wealth Inequality Given the projected demographic explosion of racial and ethnic groups that have been historically marginalized in the United States, the issue of the racial wealth gap should be of great interest to economists, policymakers, and business leaders. How will the overall economy fare if there is no substantial […]