I’m excited to share an important update that will make it easier for leaders to assess their strategies for closing the racial wealth divide.

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John,

I’m Garnesha and I lead the Bloomberg Philanthropies’ Greenwood Initiative ([link removed]) , where we’re working on programs to advance racial wealth equity. For some time, leaders and organizations across the country have been challenged by the lack of accessible, and high-quality data disaggregated by race. That’s why today, I’m excited to share an important update that will make it easier for leaders to use data to define and assess their strategies for closing the racial wealth divide:

We have launched the Black Wealth Data Center (BWDC), a user‑friendly resource where public and private sector leaders, analysts, and journalists can access racial wealth equity data.

The Black Wealth Data Center ([link removed]) features the Racial Wealth Equity Database where users can interact with wealth data by topic (assets/debt, education, employment, homeownership, and business ownership), and compare wealth data by race (Black, Hispanic, Asian, White, Other or multiple races), sex, age, education attainment, and geographic area (state, county or zip code).

We have partnered with Prosperity Now, ([link removed]) an organization working to build an economy that is just, fair, and free from structural racism, to launch the BWDC and the Racial Wealth Equity Database. With a commitment to continuously scan and integrate the best data into a comprehensive user-friendly source, the Black Wealth Data Center will be a resource for leaders who are working to create economic progress for both the Black community and other groups who systematically experience wealth inequities.

The need for the BWDC was explained by our founder Mike Bloomberg in January 2020 when he spoke in Tulsa, Oklahoma, launching the Greenwood Initiative, and addressed “the enormous obstacles that so many Black Americans have faced not only in creating wealth, but in passing assets to their children and grandchildren as generations of white families have done.” He said, “I believe that we have the power to build a future where color and capital are no longer related.”

We invite you to explore the Black Wealth Data Center and the Racial Wealth Equity Database.
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Until next time,
Garnesha Ezediaro

PS: Watch to learn how this platform will fuel the creation of a national standard for data ([link removed]) focused on Black wealth generation and unlock solutions to racial wealth inequity.

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