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Turning Data Into Action Introducing “TROI” – Texas Regional Opportunity Index

Turning Data Into Action Introducing “TROI” – Texas Regional Opportunity Index. Don Baylor, Jr. Senior Policy Analyst, Economic Opportunity baylor@cppp.org Houston, TX October 23, 2013. Thank you to our Partners.

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Turning Data Into Action Introducing “TROI” – Texas Regional Opportunity Index

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  1. Turning Data Into Action • Introducing “TROI” – • Texas Regional Opportunity Index Don Baylor, Jr. Senior Policy Analyst, Economic Opportunity baylor@cppp.org Houston, TX October 23, 2013

  2. Thank you to our Partners

  3. “You can achieve incredible progress if you set a clear goal and find a measure that will drive progress toward that goal.” - Bill Gates

  4. The value of good data • Identify and understand problems • Bring stakeholders together around common goals • Track progress toward goals • Drive community practice and collective impact • Make the case for effective public policy

  5. Photo by Doc Searls

  6. What TROI is • An assessment of how successfully individuals and families are navigatingsystems • A tool for benchmark and comparison • A comprehensive measure of economic opportunity and mobility • A feedback loop for community practice and public policy

  7. National Data Models CFED Assets & Opportunity Scorecard • Opportunity Index

  8. 25 State, Federal, and Private Data Sources

  9. PullingIt Together

  10. 16 Indicators Never Released at County or Regional Level in Texas, including… • Credit Card Debt Burden • Payday and Auto Title Lender Density • Student Debt Burden • Subprime Credit Score Rate • Long-Term Unemployment Rate • Three-year Student Loan Cohort Default Rate • FAFSA Completion Rate

  11. Designed for Texas • Uses state policy environment as backdrop • Baselines and tracks impact of community and regional initiatives • Consolidates data housed in multiple state agencies • Provides accessible and actionable indicators

  12. Potential Users • Non-profit providers • Philanthropy • Policymakers • K-12 and Postsecondary Ed. stakeholders • City, county, and regional governments • Business • Intermediaries or “Backbone Organizations”

  13. TROI Local Opportunity Assessments

  14. www.CPPP.org/TROI

  15. Spotlight on Harris County

  16. TROI: Savings & Assets

  17. Savings & Assets: Community Best Practices • Implement a local savings campaign and innovate VITA/tax-time savings platforms, incentives, and accounts • Connect K-8 financial education curriculum with children’s savings accounts • Invest in high-quality homeownership and foreclosure prevention counseling • Connect “Bank On” and other financial inclusion initiatives to emergency savings accounts • Implement “auto-save” platforms with participating employers

  18. Savings & Assets: Public Policy • Reform or remove liquid asset limits for SNAP and TANF • Dedicate funding for the Texas Save & Match to close the College Savings Gap • Increase participation by licensed financial institutions in the Texas Financial Education Endowment • Implement a Texas IDA program to leverage federal dollars • Increase funding for the Housing Trust Fund

  19. Education Service Center IV (Houston) The “Leaky Pipeline” 100% 64,354 58.7% 37,756 19.9% 12,803 All Students Receive TX Higher Ed Credential Fall 2011 Begin in 8th Grade Fall 2000 Enrolled in TX Higher Ed Fall 2005 27,363 100% 10,721 39.2% 2,179 8.0% Economically Disadvantaged Students

  20. TROI: Postsecondary Education & Skills Development

  21. TROI: FAFSA Completion Rates by District

  22. Postsecondary & Skills Development: Community Best Practices • Create new work-study opportunities to connect local businesses and industries with community college students in high-demand fields • Employ and expand effective integrated service delivery models to meet the financial and social needs of community college students • Invest in results-based adult education services and program to leverage state and federal dollars

  23. Postsecondary & Skills Development: Public Policy • Expand access to affordable and high quality childcare for full- and part-time workers • Invest in financial education for parents of young children in the K-12 system • Build upon the Texas Success Initiative and develop specific strategies for adult students in new higher education master plan • Invest in adequate levels of need-based grant aid to serve more economically disadvantaged students aspiring to attend college

  24. TROI Credit & Debt Indicators • Average Credit Score • Bankruptcy Rate (per 10,000 residents) • Credit Card Debt Burden • Excellent Credit Score Rate (Above 740) • Payday & Auto Title Lender Density (per 100 residents) • Student Loan Debt Burden • Subprime Credit Score Rate (Below 660)

  25. TROI: Credit Scores

  26. TROI: Houston-Area ZIP Codes with >15 Payday Lenders (CABs)

  27. TROI 2.0 • Community best practices to improve TROI measures • Case studies of local communities using TROI as shared measurement tool • State policy solutions to increase economic opportunity • Historical data and trends • Information on relationships between indicators • Newand updatedmeasures • User community

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