Author of CFED National Racial Wealth Divide Report presents findings to local Tacoma community leaders

Friday, August 12, 2016

Victoria Woodards

President/CEO

Tacoma Urban League

253 383 2007

 

FOR IMMEDIATE RELEASE

 

Author of CFED National Racial Wealth Divide Report presents findings to local

Tacoma community leaders

 

A report released this week shows that the average black family would need 228 years

to build the wealth of a white family today. The report, cited in articles in major media

sources such as CNNMoney, Wall St. Journal and CNBC, has sparked a national

conversation around the racial wealth divide and demonstrates how public policies in

the past have worked to create the racial wealth gap and that current policy sustains

and widens it.

 

On Monday, August 15, 2016 from 3:00 to 4:00 pm, the Tacoma Urban League will host

a presentation by one of the report’s authors, Dedrick Asante-Muhammad, Director of

the Corporation for Enterprise Development’s (CFED) Racial Wealth Divide project.

CFED is serving as an intermediary in partnership with the Northwest Area Foundation’s

African American Financial Capability Initiative (AAFC). The NWAF funds a local

Community of Practice (COP) that includes the Tacoma Ministerial Alliance, Tacoma

Chapter of the NAACP, Northwest Leadership Foundation, United Way of Tacoma

Pierce County, and Tacoma Urban League.

 

“For nearly 50 years, the Tacoma Urban League has worked in a variety of ways to

strengthen and support the local African American community. Our work with the AAFC

Initiative is another exciting example of how the Tacoma Urban League connects

national programs and resources in meaningful ways to our local community,” said

Tacoma Urban League President Victoria Woodards.

 

On Monday, August 15 from 3:00 – 4:00 pm at the Tacoma Urban League located at

2550 S Yakima Avenue, Tacoma, WA. Dedrick will be presenting an overview of the

report and hosting a discussion centered on how policy, practices, and local community

action can create meaningful change in the local Tacoma area. We welcome

community leaders from Government, Industry, Foundations, Social Services and other

community organizations to join us.

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