“103 rd NAACP National Convention “Economic Opportunities in Our Community” Summit Dedrick Muhammad, Senior Director NAACP Economic Department

2 Racial Economic Inequality: Past and Present  The NAACP Economic Department aims to educate around the realities and histories of racial economic inequality, recommend practical policy solutions and mobilize individual and community action.

3 Three Pillars of NAACP Economic Work Empower local communities with the necessary education, resources and partnerships to develop sustainable economic models that advance diversity and equity. Ensure that government and industry are knowledgeable, and committed to bridging racial inequality particularly as it relates to employment, wealth, lending and business ownership. Grow a movement of concerned citizens and organizations who work together to produce an inclusive and strong middle class economy for the 21 st century.

4 Economic Inequality: Income Gains of Low, Middle and High Income Households

5 Racial Economic Inequality: Median Wealth Households by Income

6 The Racial Wealth Divide: Post Recession

7 NAACP 4 Economic Program Areas NAACP Economic Department Financial Education Fair Lending Diversity & Inclusion Community & Economic Development

8 Economic and Financial Education NAACP Unit Trainings:  There are 21 NAACP units across the country who the NAACP Economic Department is working with who will provide regular financial /economic workshops. 1. The Alaska, Oregon and Washington State Conference 15. Montclair, New Jersey 2. Huntsville, Alabama 16. Rio Ranch, New Mexico 3. Gilbert, Arizona 17. Roosevelt, New York 4. Riverside, California 18. Columbus, Ohio 5. Colorado Springs, Colorado 19. Brownsville, Tennessee 6. Wilmington, Delaware 20. Texas State Conference 7. Rockledge, Florida 21. Washington DC 8. Illinois State Conference 9. Fort Wayne, IN 10. Louisville Youth Council 11. Jackson Parish Branch (Jonesboro, LA) 12. Maryland State Conference 13. Biloxi, Mississippi 14. Scotland County NAACP Youth Council (Laurinburg, NC)

9 Fair Lending Four Aspects of the Fair Lending Program: Responsible Mortgage Lending Principles Working with National Financial Partners on Foreclosure Prevention Engaging National Financial Partners on Strengthening Fair Lending Practices Payday Lending Campaign

10 Diversity and Inclusion Gateway to Leadership Gateway to Leadership: A n internship program the NAACP cosponsors designed to show minority students that there are opportunities for them at investment and financial service firms and to showcase these students to employers. Diversity and Opportunity Report Diversity and Opportunity Report: Will regularly analyze the economic opportunities in different important sectors of the economy. These reports will examine the current state of diversity and inclusion, as well as highlight the areas where there is the greatest economic opportunities. NAACP Job Fairs & NAACP JobFinder: NAACP Job Fairs & NAACP JobFinder: Connects employment seekers with reputable companies searching for professional and qualified employees.

11 COMMUNITY ECONMIC DEVELOPMENT The NAACP promotes racial equity in community economic development and strengthening the economic fabric of communities through supporting the creation and growth of small businesses, individual wealth building, primarily through matched savings accounts, and community asset building. Wealth Creation Strengthening Community Assets Job Development

12 Web Resource: Economic Opportunity Homepage The Economic Opportunity homepage includes information and resources on our economic programs.

13 NAACP Economic Partnerships Organize NAACP units to host trainings with specialized Community Based Organizations.

14 Financial Freedom Campaign Media Presence FinancialFreedom

15 MOBILE UPDATES Text “ECON” to to have economic updates sent to your cell phone.

16 The Proper Measure of Prosperity “We should measure the prosperity of the nation not by the number of millionaires but by the absence of poverty; the prevalence of health; the efficiency of the public schools; and the number of people who can, and do read worthwhile books.” W. E. B. Du Bois