Policy document endorsed by 100+ national community-based organizations
SAN ANTONIO–(BUSINESS WIRE)–#LatinoEconomicEngine—NALCAB – the National Association for Latino Community Asset Builders announces the release of its Latino Economic Agenda (LEA): A Latino Perspective on US Domestic Economic Policy. This comprehensive document outlines policy recommendations that will advance the economic mobility of the US Latino population – a critical component in the recovery and sustained vitality of the overall economy.
Now over 60 million strong, Latinos are the fastest growing demographic in the US, playing a pivotal role in the outcome of this year’s election. With high rates of workforce participation and entrepreneurship, public policy aimed at supporting Latinos will have an enormous pay off.
NALCAB and its member organizations advance economic mobility for hundreds of thousands of low- and moderate-income people by building affordable housing, addressing gentrification, supporting small business growth, and providing financial counseling.
As a trusted resource among policymakers and investors looking to strengthen Latino communities across the US, NALCAB’s policy agenda addresses economic disparities and targets priorities such as access to capital, small business and workforce development, affordable housing, immigration, and investment in programs that serve ethnically diverse Latino communities–rural and urban–in the US.
The LEA is a tool for policy makers, funders, and investors looking to support Latino and immigrant communities as they plan their agendas for 2021-2022. Its recommendations reflect the experiences and expertise of the NALCAB Network – a group of nearly 120 Latino-serving nonprofits across the country that are on the front lines of recovery solutions for those communities.
“Latinos are key to fueling economic growth and job creation that is critical to this nation’s post-pandemic prosperity,” said Noel Poyo, NALCAB Executive Director. “‘NALCAB’s LEA is the right plan at the right time – it promotes policies that strengthen and increase opportunities for Latinos and communities of color, which will in turn accelerate America’s economic recovery.”
Latinos have, on average, less wealth and lower incomes than the national average, and experience poverty at a higher rate. Latino and immigrant communities were also among the hardest hit by the COVID-19 pandemic, however they serve as a critical economic engine for the US economy and are central to our overall economic strength and resilience.
NALCAB Contact: Sharon Garcia firstname.lastname@example.org; 210.446.4282