The Color of Law, the Color of Money - Restorative Solutions to Redress the Racial Wealth Gap
One of the most vexing impacts of racial inequality is the Racial Wealth Gap. In this conversation, we will explore a few innovative ideas and solutions for building capital in Black communities and closing the wealth gap, which include Path to 15-55 and "baby bonds". Path to 15-55, launched by our guest, Tynesia Boyea-Robinson, is building a path to grow at least 15% of Black-owned businesses and their communities, create 600,000+ new jobs, and add $55 billion to the U.S. economy. It's a systemic solution for a systemic problem. "Baby bonds" are the creative genius of our guest Darrick Hamilton. They are trust accounts for every newborn, calibrated to the wealth of their family, and give every child personal seed money for important things like going to college, buying a home, or starting a business. Moderating this conversation is NI Board Chair Cecily Joseph, who recently shared a four-pronged diversity strategy for companies that want to be active in leveling the playing field and increasing racial equity within and outside their organizations.
At the end of the first hour, you are invited to join a second hour for a skills-building workshop led by Tynesia. This interactive session will expand on the themes and specific examples discussed in Part 1, and provide attendees a broader framework that can help them understand how to leverage the tools of capitalism for social outcomes. Participants will be guided through a critical examination of capitalism's strengths and weaknesses and will walk away with analytical tools and clear action items to bring back to their day-to-day work. This workshop is generously being offered as a gift by Tynesia.
Join us on August 27th at 11:30 am PDT/2:30 pm EDT
This event features Tynesia Boyea-Robinson, founder and CEO of CapEQ, and Darrick Hamilton, Executive Director of the Kirwan Institute for the Study of Race and Ethnicity. Moderated by Net Impact Board Chair, Cecily Joseph.
Please sign up to register for the event
About our Speakers:
Tynesia Boyea-Robinson
In 2011, Boyea-Robinson founded CapEQ, formerly known as Reliance Methods. CapEQ is an impact investment and advisory firm that advises for profit, public sector, and philanthropic organizations on how to design FOR impact, build WITH impact, and grow THROUGH impact. CapEQ is a driven, passionate team of strategists, consultants, investors, entrepreneurs, social change agents, and operations professionals. Collectively, CapEQ leaders have launched and led successful efforts everywhere from the White House to Fortune 50 companies. For example, as a result of partnering with CapEQ, the Federal Reserve Bank of Dallas has prioritized economic mobility and resilience across the state of Texas in ways that align corporate, public sector, and community leaders toward a bold and inclusive growth agenda.
Tynesia has been religiously leading and writing about enterprises that “do well and do good” for over a decade and continues to demonstrate how business and community goals can powerfully align towards mutual outcomes. Tynesia relies on her deep experience as a social change agent to advise clients. For example, she leveraged effective cross-sector partnerships to help establish the Social Innovation Fund and the Workforce Investment and Opportunity Act. Additionally, as founding Executive Director of Year Up National Capital Region (NCR) she raised $20M, was recognized by President Obama, and supported the organization to ensure thousands of low-income young adults are hired in careers with family sustaining wages.
Tynesia has been a featured speaker for a broad array of audiences including South by Southwest and the White House Council for Community Solutions. She serves on numerous boards and committees and is a 2018 Presidential Leadership Scholar. Boyea-Robinson received her MBA from Harvard Business School and has a dual degree in Electrical Engineering and Computer Science from Duke University.
Darrick Hamilton
Darrick Hamilton is the Executive Director of the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University. In addition, Professor Hamilton holds a primary faculty appointment in the John Glenn College of Public Affairs, with courtesy appointments in the departments of economics and sociology in the College of Arts and Sciences.
Professor Hamilton is a pioneer and internationally recognized scholar in the field of stratification economics, which fuses social science methods to examine the causes, consequences and remedies of racial, gender, ethnic, tribal, nativity, etc. inequality in education, economic and health outcomes. This work involves crafting and implementing innovative routes and policies that break down social hierarchy, empower people, and move society toward greater equity, inclusion, and civic participation.
Professor Hamilton was born and raised in the Bedford Stuyvesant section of Brooklyn, NY, and now resides in the Short North section of Columbus, OH. He is a graduate of Oberlin College and earned a Ph.D. in economics from the University of North Carolina. He is frequently cited in the media, consults with various public officials, and serves as an advisor to/fellow with several non-profit and think tank organizations.
Cecily Joseph
Cecily is a nonprofit and advisory board member, lawyer, and sustainability executive recognized as a thought leader and influencer in social and environmental responsibility, ethics and diversity. Cecily currently serves as Chair of the Net Impact Board of Directors and Advisor, Initiative for Equity & Social Justice at the Presidio Graduate School. Cecily is the former Vice President of Corporate Responsibility at Symantec Corporation.
Cecily is an ongoing champion for diversity & inclusion, having also served as Chief Diversity Officer and pioneering numerous programs to increase diversity and equity within the technology industry and broader society.