What is Equitable Economic Development?

Equitable economic development unlocks the full potential of the local economy by dismantling barriers and expanding opportunities for low- income people and communities of color.  CW&A, LLC achieves our goal of building an actual pathway to the middle class via helping a person connect to city services, providing access to Capital, promoting social Entrepreneurship and Civic Engagement.

According to Public Allies:  By 2018, 65% of jobs in the U.S. will require at least some college, yet only 40% of American adults aged 25 to 34 have attained a postsecondary degree. People of color, in particular, continue to face significant barriers to college access and completion. Similarly, racial and socioeconomic barriers to meaningful and family-sustaining employment perpetuate inequality and limit the life chances of too many promising young people.

The Ever Growing Wealth Gap

A new report calculates that median wealth for black Americans will fall to $0 by 2053, if current trends continue. Latino-Americans, who are also experiencing a sustained downward wealth slide, will hit $0 about two decades later, according to the study by Prosperity Now and the Institute for Policy Studies.

“By 2020, median black and Latino households stand to lose nearly 18% and 12% of the wealth they held in 2013 respectively, while median white household wealth increases by 3%,” the report states. “At that point – just three years from now – white households are projected to own 86 times more wealth than black households, and 68 times more wealth than Latino households.”