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Showing posts with the label Black wealth

Black Wealth Discussion at SCLC Annual Conference, by Papa Owusu, Franklin and Marshall University, Impact Investing Intern,

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On Friday, July 13, 2018, the Southern Christian Leadership Conference (SCLC) held a panel discussion on the state of black wealth in America. The panelists were Samantha Sanders, Director of Government Relations at the Economic Policy Institute, David D. Rixter, Principal  of HCR Consulting L.L.C. and William Michael Cunningham, Founder, Creative Investment Research. The panel was moderated by Kevin B. Kimble, Esq., DC Bureau Chief of SCLC.

The panelists discussed a myriad of reasons for the pervasive black-white economic gap to mark the 50th anniversary of the Kerner Commission that identified racism as the reason for the black-white economic gap. A key point made by the panelists is that, beginning with slavery, laws and the justice system  have and continue to support structures that undermine the progress of Blacks in the United States. This, along with employment discrimination, has resulted in the lack of progress in reducing the economic disparity between black people and whit…

Gentrification and Black People in DC

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Our economic research reveals the following:  there is not a single city in the United States of America where the majority of Black people resident before gentrification have been better off post-gentrification. Not one.
In every single case, Black income and wealth are lower, significantly so.

I mention this because of a comment I made to DC Mayor Bowser at a Forum on Development in Anacostia, Washington, DC.

Here is my original comment before the DC City Council:  https://youtu.be/rlr_DomOais

The Mayor appears to believe that this is simply not an issue.

My comment and the Mayor's response can be heard at minute 42:00 here: http://thekojonnamdishow.org/audio/#/shows/2015-04-02/d-c-mayor-muriel-bowser-a-forum-in-anacostia/87938/@0:00

Impact Investing