shifting to “equity” as a preferred driver of economic development
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Shifting to “Equity” as a Preferred Driver of Economic Development. The Structure We Have Now. Low-Wage jobs. Poverty Engine (“Pump”). Ownership. Low Income & Economically Marginalized : ⦁ Ithaca City – 300+ Families ⦁ Tompkins County – 1300+ families ⦁ Hard to employ - PowerPoint PPT PresentationTRANSCRIPT
Shifting to Equity as a Preferred Driver of Economic Development The Structure we have now:
Shifting to Equity as a Preferred Driver of Economic Development
Low Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34Public EducationLow-Wage jobsWorkforce Development and TrainingOwnershipLiving- Wage JobsAccess to Capital/CreditThe Structure We Have NowParticipationPoverty Engine (Pump)Criminal Justice Engine (Pump)
EntrepreneurshipAccess to Capital/CreditParticipation
Shifting to Equity as a Preferred Driver of Economic Development
Poverty Engine (Pump)Criminal Justice Engine (Pump)Public EducationLow-Wage jobsWorkforce Development and TrainingOwnershipLiving Wage JobsEntrepreneurship
Low Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34Access to Capital/CreditParticipation
Shifting to Equity as a Preferred Driver of Economic Development
Poverty Engine (Pump)Criminal Justice Engine (Pump)Public EducationLow-Wage jobsOwnershipLiving Wage JobsEntrepreneurshipThe Structure We Must Create
Low Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34Participation
Shifting to Equity as a Preferred Driver of Economic Development
Poverty Engine (Pump)Criminal Justice Engine (Pump)Public EducationLow-Wage JobsOwnershipLiving Wage JobsAccess to capital/creditEntrepreneurshipThe Structure We Must Create
Low Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34Participation
Shifting to Equity as a Preferred Driver of Economic Development
Poverty Engine (Pump)Criminal Justice Engine (Pump)Public EducationLow-Wage jobsWorkforce Development and TrainingOwnershipLiving Wage JobsAccess to Capital/CreditThe Structure We Must Create
EntrepreneurshipLow Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34
Shifting to Equity as a Preferred Driver of Economic Development
Poverty Engine (Pump)Criminal Justice Engine (Pump)Public EducationLow wage jobsWorkforce Development and TrainingOwnershipLiving Wage JobsAccess to capital/creditThe Structure We Must CreateParticipation
EntrepreneurshipLow Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34Access to Capital/CreditParticipation
Shifting to Equity as a Preferred Driver of Economic Development
Poverty Engine (Pump)Criminal Justice Engine (Pump)Public EducationLow-Wage jobsWorkforce Development and TrainingOwnershipLiving wage JobsEntrepreneurshipThe Structure We Must Create
Low Income& Economically Marginalized:
Ithaca City 300+ Families
Tompkins County 1300+ families
Hard to employ1000+ ages 18-34Whats In the WayThere is no one entity whose job it is to create a new structure, and a lot of entities whose job it is to maintain what we have.Lack of imagination. We have not decided as a community to create a new structure.Old habits of mind and behavior.Our current relationships across race, class and place.
Why Im OptimisticThe scale is manageable.The community is poised to make a significant capital investment in several sectors. Some school districts are intentional about solving their part of the problem (though they will need significant community collaboration).Much of the community has started the conversation about eliminating structural poverty and racism.We have the resources to succeed.