To effectively engage municipal leaders, funders, educational institutions, social service and faith based organizations, business leaders, and residents to make a bold commitment to collaboration and coordination to create system changes to overcome decades of structural racism and lack of equal opportunities and resources in the economic-challenged communities.
In 2016, JP Morgan Chase funded a workforce skills gap analysis for the Greater Fort Lauderdale Alliance, Broward County’s public/private economic development organization. A key finding of the study showed the discrepancy between historically low unemployment across Broward below 5% and some areas with rates 10% or higher.
These zip codes 33311, 33313, 33319, 33069, 33023, 33309 represents 12 of Broward’s 31 municipalities. These areas, due to ongoing structural racism and racial residential segregation also have median income levels that are lower than the county average ($30,000 vs $53,000).
The median household income in the six zip codes is $30,000 compared to the county median of $53,000. While the post secondary educational attainment rate for the county is 43.9% for adults 25-64 years old, the average is 27% in the six zip codes, and the under-18 poverty rate ranges from 20.1% to 47.3%.
Additionally, these zip codes have a history of racial disparities and inequalities going back decades, with transportation, home ownership and other challenges creating generational cycles of poverty. 65% of the residents in the zip codes are black and 14% are Hispanic, making up 79% of the residents.
Promote system change practices among collaborative.
Advocate for policies designed to advance distressed communities.
Convene cross-sector groups through diverse Prosperity Broward events that lead to innovative collaborations and partnerships.
Expanding economic mobility in challenged zip codes will take innovative, and cross-sector solutions. Together, the Prosperity Broward Collective will work to promote access to ECONOMIC MOBILITY.