BLACK ENTERPRISE To Showcase City Hall To Focus On Closing America’s Racial Wealth Gap And Increasing Black Homeownership
NEW YORK, September 10, 2021 / PRNewswire / – BLACK ENTERPRISE, the # 1 multimedia resource for African American entrepreneurs and business leaders, presented the latest installment in BLACK ENTERPRISE’s Economic Equity and Racial Justice town hall series : “Acquisition and creation of wealth: creating pathways towards a sustainable black Prosperity” broadcast on Thursday September 9, 7:00 p.m. – 8:30 p.m. EST. The Virtual Town Hall series is produced in partnership with the Executive Leadership Council as the main sponsor, with CNN political commentator Bakari Sellers serving as moderator for the series.
Homeownership town hall panelists included Operation Hope Founder, President and CEO John hope bryant, Freddie Mac Vice President Fair Housing / Single Family Business Pam perry, and vice president of specialized tax at Walmart Wayne Hamilton. Remarks will also be delivered by the Chairman of the Board of Directors of the Executive Leadership Council and the Agent of the Citigroup Community Reinvestment Act. Lloyd W. Brown II, and BLACK ENTERPRISE CEO Earl “Butch” Graves Jr.
TO $ 171,000, the net worth of a typical white family is about ten times that of a black family with $ 17,150. This yawning gap is most clearly reflected in rates of homeownership, the cornerstone of American family wealth. Only 45.1 percent of black households own their own homes, compared to 73.8 percent of non-Hispanic white households.
“This huge gap in wealth between blacks and whites and other economic disparities is clear evidence of the impact of generations of inequality and discrimination, as well as the continuous cycle of reduced access to opportunities,” said Serious. “Our discussion will focus not only on defining the problem, but on exploring solutions. What should US businesses, and in particular financial institutions, do to demonstrate a genuine commitment to dismantle systems of inequality and invest? in programs to promote equity in wealth and property for blacks Additionally, what should we do in our own households and communities to increase black homeownership and close the racial wealth gap ? “
“Acquiring and Creating Wealth: Creating Pathways to Sustainable Black Prosperity” is the latest in a series of virtual roundtables featuring business executives, entrepreneurs, financial experts and thought leaders. The roundtable discussions will examine a range of challenges facing communities of color, with the aim of producing strategic plans to galvanize black Americans into action. Sessions aim to advance the state of the black community, help black professionals secure more leadership and board positions, increase capital and sourcing opportunities for black-owned businesses and to ensure the accountability of American businesses for their diversity, equity and inclusion initiatives. .
To watch the replay, log on to BLACK COMPANY Economic Equity and Racial Justice Town Hall Series, at https://www.blackenterprise.com/townhallrecaps
About the Directing Executive Council:
The Executive Leadership Council, an independent, 501 (c) (3) nonprofit founded in 1986, is the leading membership organization committed to increasing the number of global black executives in C-Suites, on boards of administration and in global companies. Comprised of 800 current and former black CEOs, senior executives and directors from Fortune 1000 and Global 500 companies, and leading corporate entrepreneurs, its members work to create an inclusive corporate leadership pipeline that empowers executives Global blacks make impactful contributions to the marketplace and the global communities they serve. For more information, please visit www.elcinfo.com.
BLACK COMPANY is the # 1 black media brand, with over 8 million unique visitors per month. Since 1970, BLACK ENTERPRISE has been the premier business, professional, investment, and wealth-building resource for African Americans. BLACK ENTERPRISE produces video and podcast programming, virtual and in-person business and lifestyle events, and other digital media. Visit www.blackenterprise.com for more information.
SOURCE Black Enterprise