Economic Mobility
Establishing Equity & Generational Wealth Building
Community Need: BIPOC Voters Doubt Benefits of Voting
NNCP knocked on over 60,000 doors in our inaugural year. Our conversations with eligible voters revealed that unaddressed economic injustice caused many to sit out of recent elections. The effects of racial economic injustice can be felt in nearly every aspect of BIPOC citizens’ lives, yet effective implementation of remedies eludes our leaders, leaving people of color bereft of relief. Providing economic mobility education and ongoing facilitation can play a profound role in building BIPOC multigenerational wealth and power. Furthermore, economic factors such as income and homeownership have a measurable impact on electoral participation, making upward economic mobility and democracy preservation interdependent objectives.
Specific Concept: A Racially Competent Economic Mobility Program
NNCP will provide a full-stack, racially competent economic mobility program. By hosting culturally relevant magnet events where target clients are already congregated (schools, nightclubs, gyms, etc.), we can reach those who need the programs most- including hyper-marginalized individuals who are typically overlooked. Clients acquire fundamentals of financial literacy while learning to overcome the impact of historical racism on their individual, family and community economic ecosystems. Insights from this context are then used as the basis for individualized financial goal-setting and growth strategies. Long-term adherence to their plans is facilitated through mentoring, digital automation, ongoing educational opportunities and peer-to-peer support. We thread the needle by connecting the role of policy to shattering glass ceilings and protecting personal assets, thereby reframing voting and civic engagement as tools for economic security and wealth. Alongside financial benefits to participants, the BIPOC community at large will gain from the data collected as we log their challenges and successes for programs we can deploy at scale.