Author of CFED National Racial Wealth Divide Report presents findings to local Tacoma community leaders
Friday, August 12, 2016
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.