The ability of an individual, family or group to improve their wealth and social status, either within an individual lifetime or between generations.
By now, you’ve probably noticed some emerging trends across many of GNO, Inc.’s key initiatives, and that’s by design. Communication, education, research and workforce development are necessary components to wealth creation and business development; in turn, the synchronicity of those parts across all focus areas remains critical to fulfilling GNO, Inc.’s mission of fostering long-term prosperity.
But GNO, Inc. also believes that without economic mobility, the maximum potential for economic development in our region can never be realized. Both current and future generations will require equitable access to high-paying jobs and opportunities in our fastest-growing sectors to position Greater New Orleans as a hub of innovation and wealth creation.
To that end, GNO, Inc. has developed a series of initiatives focused on wealth creation for the Black community in our region, illustrated here in our economic mobility matrix. With active policy reform, community partnerships and professional advancement strategies, we strive to remove roadblocks that minority populations disproportionately encounter. Together, we can create a greater Greater New Orleans.
Economic Mobility Policy Agenda
Education + Family
Increase early childcare and education for working families; Expand paid family leave benefits
Generational Wealth Building
Identify, address, and remove hurdles to home ownership, asset accumulation, and other means of creating intergenerational wealth
Tax Reform
Expand the Earned Income Tax Credit; Remove deductibility of federal taxes and lower the individual income tax rate
Criminal Justice
Identify reform targets within the criminal justice system that is both community driven and fiscally responsible
Transportation
Lower auto insurance rates; Improve infrastructure in urban and non-urban areas of GNO/Louisiana; Improve connectivity and reliability of GNO public transit
