Movin’ on Up in Louisiana–or Not

Economic mobility is the ability for someone to go from low or no income to middle income in one lifetime, or for the next generation to earn money at a higher tax bracket. This is the essence of the American Dream. However, today it is more difficult for young adults to surpass their parent’s socioeconomic … Continue reading

State tax changes take effect Friday, April 1

Numerous changes to Louisiana’s tax laws, passed this year during a special session of the Louisiana Legislature, take effect on Friday, April 1. Taxes affected by the changes include the state sales tax. Acts 25 and 26 of the 2016 First Extraordinary Session of the Louisiana Legislature remove or restrict certain exemptions from the 4 … Continue reading

Treasury Department commemorates 150th anniversary of Freedman’s Bank

Liberty Bank and Trust Company President Alden McDonald delivered keynote remarks at a U.S. Treasury Department ceremony commemorating the 150th Anniversary of the Freedman’s Savings and Trust Company (Freedman’s Bank). At the event, the U.S. Treasury dedicated the Treasury Annex Building as the “Freedman’s Bank Building”. The building stands on the site of the original … Continue reading

Black Dollars, Black Power: Call to boycott Black Friday and Christmas shopping spreads nationwide

Nationwide protests in the defense of Black Lives have taken a precise turn into the world of economics by encouraging Blacks everywhere to only support Black-owned businesses throughout the Thanksgiving Holiday leading with the famed “Black Friday” and “Cyber Monday” and ending Jan 4, 2016. Activists are calling out the national Black community to invest … Continue reading

Choosing the Right Toys this Holiday

Can Help Kids Meet Developmental Milestones This holiday season, keep in mind the notion that what your children play with can have a large impact on their interests and brain development.  So when it comes to a walk down the toy aisle, parents are becoming more discerning, leading smart toymakers to design toys with a … Continue reading

South poised to lead the way in closing wealth gap

With the leadership and solutions of the Southern Regional Asset Building Coalition as its foundation, the South is prepared to lead the way.

Moral Mondays, One Voice, Dream Defenders to speak Sept 24 in New Orleans

Conference brings together grassroots leaders to discuss innovative solutions for wealth gap NEW ORLEANS–“‘We’ is the most important word in the social justice vocabulary. The issue is not what we can’t do, but what we can do when we stand together,” said the Rev. Dr. William J. Barber II. Barber, who started the national Moral … Continue reading

Funds available to purchase EBR homes

Prospective homebuyers can receive up to $25,000 in assistance for the purchase of existing East Baton Rouge Parish homes and up to $50,000 on new construction under the City-Parish Office of Community Development’s Homebuyer Assistance Program. Funded by the U. S. Department of Housing and Urban Development, the program provides interest-free loans as gap financing … Continue reading

State auditor finds OFI fails to oversee Louisiana payday loan companies

The state auditor said OFI did not impose any penalties on payday lenders for violating state law between Jan. 1 2010 and June 30, 2013, despite citing 8,315 violations, including almost 8,100 for major violations.

There’s a ‘wealthy’ place for us

There is a place, “the place”, which many people speak of.  “The place” is a place of peace, passion, and love.  There are some people who have visited this place and have come back to tell us of their experience.  The experience energizes them and provides them with a greater sense of purpose.  And when … Continue reading

‘Separate But Equal’ best strategy for small businesses

Separate but equal was a legal doctrine in United States constitutional law that justified and permitted racial segregation.  Under the doctrine, services, facilities, public accommodations, housing, medical care, education, employment, and transportation were allowed to be separated along racial lines, provided that the quality of each group’s public facilities was equal.  The phrase was derived … Continue reading

Your New Year’s money solution starts now

  By Ed Gaston It’s the beginning of the year and time for you to think about money. You have been told for years how to handle your money. You’ve been told: “Live within your means” “Pay yourself first” “Don’t rob Peter to pay Paul” “Save for a rainy day” “Don’t bite off more than … Continue reading

Louisianans seek end to cycle of financial failure

Stretching to northeast Louisiana through central parts of the state then southwest and into the capitol region, the steady grip of poverty is the primary concern of Louisiana’s working residents and youth. During a series of listening sessions conducted statewide residents told partners with the  Louisiana Building Economic Security Together, or LABEST, coalition that policies on housing, … Continue reading

Food stamp cuts to hit 920,000 Louisianans

Lower 9th Ward NENA invites public to discuss barriers to wealth, assets

NEW ORLEANS–The Louisiana Building Economic Security Together coalition joins the Lower 9th Ward Neighborhood Empowerment Network Association this weekend for a citywide listening session discussing barriers citizens face when establishing personal wealth. New Orleans residents are invited to speak up and be heard on Saturday, October 12,10am, at the All Souls Episcopal Church, 5500 St. … Continue reading

Scholarships available through Ronald McDonald House Charities

Students across the country work hard to earn top marks, dreaming of the college they’ll attend and the education they’ll receive. Unfortunately, many of these students won’t be able to afford it, according to Black Ronald McDonald House Charities (RMHC) want these students to reach their full potential. To help them accomplish this, our … Continue reading