Shifting to “Equity” as a Preferred Driver of Economic Development

1. Shifting to “Equity” as a Preferred Driver of Economic Development The Structure We Have Now Low-Wage jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Workforce Development and Training Living- Wage Jobs Entrepreneurship Public Education Access to Capital/Credit Criminal Justice Engine (“Pump”) Participation

2. Shifting to “Equity” as a Preferred Driver of Economic Development Low-Wage jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Workforce Development and Training Living Wage Jobs Entrepreneurship Public Education Access to Capital/Credit Criminal Justice Engine (“Pump”) Participation

3. Shifting to “Equity” as a Preferred Driver of Economic Development The Structure We Must Create Low-Wage jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Living Wage Jobs Entrepreneurship Public Education Access to Capital/Credit Criminal Justice Engine (“Pump”) Participation

4. Shifting to “Equity” as a Preferred Driver of Economic Development The Structure We Must Create Low-Wage Jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Living Wage Jobs Entrepreneurship Public Education Access to capital/credit Criminal Justice Engine (“Pump”) Participation

5. Shifting to “Equity” as a Preferred Driver of Economic Development The Structure We Must Create Low-Wage jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Workforce Development and Training Living Wage Jobs Entrepreneurship Public Education Criminal Justice Engine (“Pump”) Access to Capital/Credit Participation

6. Shifting to “Equity” as a Preferred Driver of Economic Development The Structure We Must Create Low wage jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Workforce Development and Training Living Wage Jobs Entrepreneurship Public Education Access to capital/credit Criminal Justice Engine (“Pump”) Participation

7. Shifting to “Equity” as a Preferred Driver of Economic Development The Structure We Must Create Low-Wage jobs Poverty Engine (“Pump”) Ownership • Low Income • & Economically Marginalized: • ⦁ Ithaca City – • 300+ Families • ⦁ Tompkins County – 1300+ families • ⦁ Hard to employ • 1000+ ages 18-34 Workforce Development and Training Living wage Jobs Entrepreneurship Public Education Access to Capital/Credit Criminal Justice Engine (“Pump”) Participation

8. What’s In the Way • There is no one entity whose job it is to create a new structure, and a lot of entities whose job it is to maintain what we have. • Lack of imagination. • We have not decided as a community to create a new structure. • Old habits of mind and behavior. • Our current relationships across race, class and place.

9. Why I’m Optimistic • The scale is manageable. • The community is poised to make a significant capital investment in several sectors. • Some school districts are intentional about solving their part of the problem (though they will need significant community collaboration). • Much of the community has started the conversation about eliminating structural poverty and racism. • We have the resources to succeed.