1. NAACP Economic Empowerment & Sustainability Programs MISSISSIPPI NAACP STATE CONFERENCE FRIDAY, NOVEMBER 7, 2014

2. NAACP Economic Department NAACP ECONOMIC DEPARTMENT 2 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. NAACP Economic Game Changer

3. NAACP ECONOMIC DEPARTMENT 3 ECONOMIC DEPARTMENT PILLARS Local communities with the necessary education, resources and partnerships to develop sustainable economic models that advance diversity and equity. EMPOWER That government and industry are knowledgeable, and committed to bridging racial inequality particularly as it relates to employment, wealth, lending and business ownership. ENSURE A movement of concerned citizens and organization who work together to produce an inclusive and strong middle class economy for the 21st century. GROW OBJECTIVES:

4. NAACP ECONOMIC DEPARTMENT 4 ECONOMIC DEPARTMENT PROGRAM AREAS

5. Racial Economic Inequality NAACP ECONOMIC DEPARTMENT 5 Unemployment Wealth Gap Homeownership Lack of Education

6. NAACP ECONOMIC DEPARTMENT 6 RACIAL WEALTH GAP

7. FAMILIES ARE LIVING ON THE EDGE Liquid Asset Poor lack savings to cover basic expenses for three months if job loss, a medical emergency, or other crisis leads to a loss of stable income. 26% of households earning between $55,000 and $90,000 are liquid asset poor

8. NAACP Economic Partnerships NAACP ECONOMIC DEPARTMENT 8

9. 9 ECONOMIC DEPARTMENT PROGRAM AREAS

10. ECONOMIC EDUCATION  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 NAACP ECONOMIC DEPARTMENT 10

11. How You can Engage? Economic Education – How You can Engage? NAACP ECONOMIC DEPARTMENT 11  Conduct financial education workshops at the branch level  Plug into Financial Planning Association (Free financial Planners)  Plug into community events and distribute economic education material  FDIC FDIC  Connect with our National Partners  Hands-on-bank Hands-on-bank  NID NID

12. FAIR LENDING  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 NAACP ECONOMIC DEPARTMENT 12

13.  Share concerns of predatory lending and foreclosures with the NAACP Economic Department  Jrichardson@naapcnet.org Jrichardson@naapcnet.org  Read our reports, engage in the conversations, respond to our calls to participate in CFPB hearings, and/or white house fly-ins Read our reports NAACP ECONOMIC DEPARTMENT 13 How You can Engage? Fair Lending– How You can Engage?

14. COMMUNITY ECONOMIC DEVELOPMENT Wealth Creation Strengthening Community Assets Job Development 14 NAACP ECONOMIC DEPARTMENT The Community and Economic Development program focuses on wealth creation through asset development. Wealth softens the blow of unexpected events, such as job loss or even a downturn in the economy and provides capital to take advantage of opportunity. Assets are key drivers of wealth, community revitalization and personal financial freedom. The Community and Economic Development Program establishes asset development infrastructure in communities of color leveraging the NAACP network and resources.

15. Diversity and Inclusion 1.Opportunity and Diversity Report CardsOpportunity and Diversity Report Cards 2.NAACP and Dunkin Brands have partnered to strengthen diversity in franchising 3.The Professional Development Network (PDN) powers the NAACP JobFinder NAACP JobFinder 4.Gateway to Leadership NAACP works with the United Negro College Fund (UNCF) to provide paid summer internships to students attending HBCU’s at Wall Street investment banks.Gateway to Leadership 7 NAACP ECONOMIC DEPARTMENT

16. Economic Opportunity Website: NAACP.org/econ www.NAACP.org/econ NAACP ECONOMIC DEPARTMENT 16

17. NAACP ECONOMIC DEPARTMENT 17 Financial Freedom Campaign Media Presence

18. Thank You, Questions? LILLIAN D. SINGH LSINGH@NAACPNET.ORG 202-478-6403