NAACP Senior Director of Economic Programs Dedrick Muhammad discusses President Obama's jobs creation plan and what it means for the African American community.
Blog — Economic Opportunity
The country’s demographics are shifting and the nation is becoming more multiracial and multiethnic; and yet, minorities remain significantly underrepresented in the finance industry, one of the country’s most lucrative and fastest growing sectors.
On the weekend of September 23rd through the 25th, the NAACP’s Economic Department officially launched its Financial Freedom Campaign via its “Train the Trainers” training. Over the course of the three days, representatives from the 21 micro-grant satellite units met to engage in constructive dialog; learn best practices and were connected to valuable resources. These three components were provided to assist them with their own financial education/literacy workshops that they will be implementing over the course of the next year.
The NAACP proposes nine measures that will help resolve the current housing and foreclosure crisis and will assist in charting a future for housing in America in which the majority of all American communities regardless of race or ethnicity will be able to become homeowners.
As the country celebrates the unveiling of the Dr. Martin Luther King Jr. Memorial and reflects on the historic March on Washington, this is an opportune time to highlight economic justice, a key element of Dr. King’s vision for America. In 1960, 1/5th of the country, approximately 39 million Americans, lived at or below the poverty line. Racial inequality was accepted as the norm and disenfranchised communities had little hope of socio-economic advancement.
Last year, I went to London with our President and CEO Benjamin Todd Jealous to attend a conference on Global Youth Employment. Eight months later I, along with the rest of the world, am seeing images of economically disenfranchised youth throughout England rioting and rebelling.
As the nation struggles to recover financially, The National Association for the Advancement of Colored People (NAACP) launched the Financial Freedom Center and a bold campaign to assist communities and persons dealing with today’s financial challenges. Last week, Dedrick Muhammad, Senior Director of Economic Programs, discussed the launch of the Financial Freedom Center and the Financial Freedom Campaign’s goals in the coming months.
The NAACP Economic Department announced 21 NAACP branches nationwide that will receive a $4,000 micro-grant to participate in the Financial Freedom Center’s inaugural financial education series at the 102nd Annual Convention.
The NAACP and Bank of America have announced that they will enhance their partnership through the promotion of greater economic opportunity and advancement of community economic development throughout the nation. Bank of America has committed significant resources to support the work of the NAACP, providing financial education to disenfranchised communities that were ravaged by the economic crisis as well as identifying economic opportunities for the future.
Last week, I attended the Congressional Black Caucus’ National Black Leadership Summit on the Job Crisis. Black Congressional leaders along with notable civil rights leaders and organizations convened to discuss the economic plight facing the African American community.
Last month, we polled on Facebook and Twitter to see which NAACP program you'd like to see featured in our next Twitterview. In a close race, the Economic Programs Department emerged as the favorite. We sat down yesterday with NAACP Senior Director for Economic Programs Dedrick Muhammad to discuss the NAACP's new Financial Freedom Center, the impetus for the revamped Economic Programs department, and the NAACP's ongoing effort to ensure economic equity.
The National Urban Fellows (NUF), held a Public Service Leadership Diversity Summit in Atlanta to inspire excellence and diversity in public service leadership with a dual emphasis on individuals and systems. Over 125 organizations (government, nonprofit) have partnered with the NUF to advance this movement. Some of the panelist included: Ambassador Andrew Young, Senator Jason Carter, Xernona Clayton, President & CEO Trumpet Awards Foundation, Jeff Johnson, MSNBC, Rosa Alicia Clemente, Community Organizer & Hip Hop Activist, John Esterle, Executive Director and board trustee of the Whitman Institute and Veronica Villalobos, Director of Diversity & Inclusion, U.S. Office of Personnel Management (OPM).
African American women continue to face significant barriers due to gender discrimination in the labor market leading to major income disparities and chronically high unemployment, coupled with few limited opportunities for asset building and wealth generation.
Approved units will receive a micro-grant to facilitate the organization of our education series