naacp economic empowerment & sustainability programs mississippi naacp state conference friday,...
TRANSCRIPT
NAACP Economic Empowerment &
Sustainability Programs
MISSISSIPPI NAACP STATE CONFERENCE
FRIDAY, NOVEMBER 7, 2014
NAACP ECONOMIC DEPARTMENT 2
NAACP Economic Departme
nt Economic Sustainability
A chance to live the American Dream for all.
Every person will have an equal opportunity to achieve
economic success, sustainability, and security.
NAACP Economic Game Changer
NAACP ECONOMIC DEPARTMENT 3
ECONOMIC DEPARTMENT PILLARS
• Local communities with the necessary education, resources and partnerships to develop sustainable economic models that advance diversity and equity.
EMPOWER
•That government and industry are knowledgeable, and committed to bridging racial inequality particularly as it relates to employment, wealth, lending and business ownership.
ENSURE• A movement of
concerned citizens and organization who work together to produce an inclusive and strong middle class economy for the 21st century.
GROW
OBJECTIVES:
NAACP ECONOMIC DEPARTMENT 4
ECONOMIC DEPARTMENT PROGRAM AREAS
NAACP ECONOMIC DEPARTMENT 5
Racial Economi
c Inequalit
y
Unemployment
Wealth Gap
Homeownership
Lack of Education
NAACP ECONOMIC DEPARTMENT 6
RACIAL WEALTH GAP
FAMILIES ARE LIVING ON THE EDGE
Liquid Asset Poorlack savings to cover basic
expenses for three months if job loss, a medical
emergency, or other crisis leads to a loss of stable
income.
26% of households earning between
$55,000 and $90,000 are liquid asset poor
NAACP ECONOMIC DEPARTMENT 8
NAACP Economic Partnerships
NAACP ECONOMIC DEPARTMENT 9
ECONOMIC DEPARTMENT PROGRAM AREAS
NAACP ECONOMIC DEPARTMENT 10
ECONOMIC EDUCATIONFacilitates events around the country to educate local and state conference NAACP units on financial education topicsProvides grants to individuals to perform financial education at the local level
NAACP ECONOMIC DEPARTMENT 11
Economic Education – How You can Engage?
Conduct financial education workshops at the branch level
Plug into Financial Planning Association (Free financial Planners)
Plug into community events and distribute economic education material FDIC
Connect with our National Partners Hands-on-bankNID
NAACP ECONOMIC DEPARTMENT 12
FAIR LENDING
Monitors state and federal policy related to mortgage, auto, payday, and small dollar bank lending Performs analysis of Home Mortgage Disclosure Act (HMDA) for evidence of discrimination at the lender level Meets with bank partners around fair lending issues, products, and initiatives to reduce the un- and under-banked population Researches and evaluates data and reports to determine impact on racial inequality
NAACP ECONOMIC DEPARTMENT 13
Share concerns of predatory lending and foreclosures with the NAACP Economic Department [email protected]
Read our reports, engage in the conversations, respond to our calls to participate in CFPB hearings, and/or white house fly-ins
Fair Lending– How You can Engage?
NAACP ECONOMIC DEPARTMENT 14
COMMUNITY ECONOMIC DEVELOPMENT
Wealth Creation
Strengthening Community
Assets
Job Development
• The Community and Economic Development program focuses on wealth creation through asset development. •Wealth softens the blow of unexpected events, such as job loss or even a downturn in the economy and provides capital to take advantage of opportunity.• Assets are key drivers of wealth, community revitalization and personal financial freedom. •The Community and Economic Development Program establishes asset development infrastructure in communities of color leveraging the NAACP network and resources.
Diversity and Inclusion
1. Opportunity and Diversity Report Cards
2. NAACP and Dunkin Brands have partnered to strengthen diversity in franchising
3. The Professional Development Network (PDN) powers the NAACP JobFinder
4. Gateway to Leadership NAACP works with the United Negro College Fund (UNCF) to provide paid summer internships to students attending HBCU’s at Wall Street investment banks.
7
NAACP ECONOMIC DEPARTMENT
NAACP ECONOMIC DEPARTMENT 16
Economic Opportunity Website: NAACP.org/econ
www.NAACP.org/econ
NAACP ECONOMIC DEPARTMENT 17
Financial Freedom Campaign Media Presence