I request Mayor Walsh and Governor Baker take a public stance and issue an Executive Order to support a Black economic agenda and an inclusive economy as presented in Freeze Frame: Black Boston 2015, Time for an Inclusive Economy.
Yes, I request the Mayor of the City of Boston, Mayor Walsh, and the Governor of Massachusetts, Governor Baker, issue executive orders that support the advancement of a Black economic agenda and make Boston and Massachusetts an inclusive economy as presented in Freeze Frame: Black Boston 2015, Time for an Inclusive Economy.
People of color represent almost 55% of Boston’s population, of which the majority is Black and Latino, yet the disparity of the economic indicators is alarming. Through a combination of reports issued in 2015 by the Federal Reserve of Boston, The Brookings Institute, The Boston Foundation and the Family Assets Initiative we know the following:
Average Assets Values: Boston Whites $256,500 vs Blacks $700
Boston is the #1 worst city for income inequality in the country.
- Black home ownership in Boston is 32% versus 68% for whites
- Black unemployment in Boston is double that of whites
- The fastest growing segment of mobile tech users are Black and Latino, yet their employment rates at the biggest tech firms like Google and Facebook is less than 2%
- Only 17% of African Americans attained bachelor’s degrees compared to 63% for their white counterparts
- Of the $24 billion in taxpayer dollars spent on the Big Dig only 2.2% was directed to Minority Business Enterprises
Freeze Frame Black Boston 2015: Time for an Inclusive Economy presents a compelling data-driven case for drastic, innovative change in the way business is done to advance the economic well-being of the Black community. The presentation is powerful and provocative and has been done for various stakeholders, including business leaders and local elected officials. The largest gathering for the presentation was on November 4, 2015, when close to 700, mostly Black residents, gathered at Prince Hall Grand Lodge in Grove Hall and confirmed that Freeze Frame is on the right track including the Next Steps for a Black economic agenda.
Black economic development will require immediate and long term community action, leadership and outside-the-box solutions.
I request Mayor Walsh and Governor Baker take a public stance and issue Executive Orders to support a Black economic agenda and an inclusive economy as presented in Freeze Frame: Black Boston 2015, Time for an Inclusive Economy.