NEW YORK NAACP STATE CONFERENCE
S AT U R DAY, O C TOB E R 1 1 T H , 2 0 1 4
D E D RI CK A S A N T E - MUHA MMA D
S E N I OR D I R EC TOR O F E CONOMI C D E PART MENT
N A AC P F I N A NC I A L F R EE DOM C E N T ER

The Springfield Race Riot of 1908
Springfield, Illinois was a rapidly-growing industrial center at the turn of the century
Fierce job competition and the use of black workers as strike breakers during labor strikes caused increased tension
An attack by a white mob against the black section of
Springfield spurred the creation of the NAACP
2 NAACP ECONOMIC DEPARTMENT

Economic Justice was the foundation of 1960’s Social Justice
Movement
Goals of The Freedom Budget
1. Abolition of poverty
2. Full employment
3. Full production / high economic growth
4.Adequate minimum wage
5. Farm income parity
6. Guaranteed income for those who can’t work
7. Decent homes for all
8. Modern health services for all
9. Full educational opportunity for all
10. Better social security and welfare
11. Equitable tax and money policies
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For the last 50 years, in good times and bad, African Americans have had about twice the unemployment of whites.
This unemployment rate hides the larger number of African Americans not working full time or
“marginally” attached to the workforce, this is normally about twice the unemployment rate.
As many as 27% of African Americans between the ages of 20 and 24 are not employed or in school
. http://blogs.wsj.com/economics/2014/07/11/are-more-young-adults-falling-through-the-cracks/
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 1977 to 2007 only about a 1% increase in Black / white income equity. 2007 to
2009 Black / white income inequality is increasing.
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60% of America doesn’t even have
5% of the nation’s wealth, while the wealthiest 20% has over 80% of the nations wealth.
Top 20%
Second 20%
Third 20%
Fourth 20%
Bottom 20%
10 NAACP ECONOMIC DEPARTMENT

NAACP Economic Game Changer
Economic Sustainability
A chance to live the American Dream for all .
Every person will have an equal opportunity to achieve economic success, sustainability, and security.
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Three Pillars:
 Empower local communities with the necessary education, resources and partnerships to develop sustainable economic models that advance diversity and equity.
 Ensure that government and industry are knowledgeable, and committed to bridging racial inequality particularly as it relates to employment, wealth, lending and business ownership.
 Grow a movement of concerned citizens and organizations who work together to produce an inclusive and strong middle class economy for the 21 st century.
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Financial
Educatio n
Community
&
Economic
Development
NAACP Economic
Department
Fair
Lending
Diversity &
Inclusion
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 Facilitates events around the country to educate local and state conference
NAACP units on financial education topics
 Provides grants to individuals to perform financial education at the local level
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 Monitors state and federal policy related to mortgage, auto, payday, and small dollar bank lending
 Performs analysis of Home Mortgage Disclosure Act (HMDA) for evidence of discrimination at the lender level
 Meets with bank partners around fair lending issues, products, and initiatives to reduce the un- and under-banked population
 Researches and evaluates data and reports to determine impact on racial inequality
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Job Development
Wealth Creation
Strengthening
Community Assets
The Community and
Economic Development
Program establishes asset development infrastructure in communities of color leveraging the NAACP
network and resources.
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1.
Opportunity and Diversity Report Cards grade industries based on the strength of their workforce and supplier diversity.
2.
NAACP and Dunkin Brands have partnered to strengthen diversity in franchising
3.
The Professional Development Network (PDN) powers the
NAACP JobFinder
4.
NAACP works with the United Negro College Fund (UNCF) to provide paid summer internships to students attending HBCU’s at Wall Street investment banks.
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7

• Spread the word about the NAACP Job Finder
Website.
• If a Job fair is happening in your city participate by setting up a NAACP booth.
www.NAACPJOBFINDER.COM
to find the next job fair or the opportunities posted on the website.
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Financial Freedom Campaign Media
Presence
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Economic Opportunity Website:
NAACP.org/econ
The Economic Opportunity homepage includes information and resources on our economic programs. www.NAACP.org/econ
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State Economic
Chair
Presentation
State Conference and
Local Unit
Brainstorming Session
Information on 2014-2015 microgrant award.
Proposed projects for 2014-2015.
Interaction with local units:
◦ What economic issues have you seen occurring in your area?
◦ What plans do you have to address these issues?
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STAY IN TOUCH WITH THE
NAACP ECONOMIC DEPARTMENT
 Visit NAACP.org/econ and sign up for The Angle newsletter
 Apply to become a Financial Freedom Campaign Micro-Grantee
(State Conferences)
 Like us at Financial Freedom Campaign on Facebook
 Follow us @NAACPEcon on Twitter
 Text Econ to 62227 for Mobile Updates
 Read The Crisis at thecrisismagazine.com
 Email the Economic Department at econprograms@naacpnet.org
 Call us at 202-478-6400
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DEDRICK ASANTE-MUHAMMAD
SENIOR DIRECTOR OF THE ECONOMIC DEPARTMENT
H T T P : / / W W W. N A A C P. O R G / E C O N
F I N A N C I A L F R E E D O M C A M PA I G N O N FA C E B O O K