Rise Economy

THE ORGANIZATION'S MISSION IS TO BUILD AN INCLUSIVE AND FAIR ECONOMY THAT MEETS THE NEEDS OF COMMUNITIES OF COLOR AND LOW-INCOME COMMUNITIES BY ENSURING THAT BANKS AND OTHER CORPORATIONS INVEST AND CONDUCT BUSINESS IN COMMUNITIES IN A JUST AND EQUITABLE MANNER.

$80 BILLION IN COMMUNITY BENEFITS AGREEMENTSIN 2022, BANKS CONTINUED THE TROUBLESOME TREND OF MERGING. TO MITIGATE THE HARM CAUSED BY THE LOSS OF BANKING OPTIONS, CRC HELPED NEGOTIATE CBAS WITH UMPQUA BANK, U.S. BANK AND BMO HARRIS BANK. FIXING THE CRATHIS YEAR, WE HELD WORKSHOPS, ORCHESTRATED BRIEFINGS, AND MOBILIZED CRC MEMBERS, ALLIES AND PARTNERS TO SUBMIT COMMENT LETTERS TO FEDERAL BANKING REGULATORS IN SUPPORT OF A STRONG COMMUNITY REINVESTMENT ACT THAT INCLUDES CONSIDERATIONS OF RACE, DISPLACEMENT AND HARM.PROGRESSIVE POLICYCRCS POWERFUL GRASSROOTS ORGANIZING LED TO A VICTORY AGAINST LARGE CORPORATE LANDLORDS WITH THE PASSAGE OF AB 1837, THE HOMES IN COMMUNITY HANDS ACT. CRC IMPLEMENTED THE CALIFORNIA PUBLIC BANKING OPTION ACT, WHICH ESTABLISHES A NO-FEE, NO-PENALTY DEBIT ACCOUNT THAT WOULD CLOSE THE WIDENING WEALTH GAP. AND, CRC CONTINUE TO ORGANIZE TO ACHIEVE GREATER TRANSPARENCY AROUND BENEFICIAL HOMEOWNERSHIP DATA.COMMUNITY EMPOWERMENTTHROUGH CRCS RESILIENCE FUND, WE PROVIDED GRANTS AND CAPACITY-BUILDING FOR EMERGING, BIPOC-LED CDFIS. WE EXPANDED THE REACH OF OUR ECONOMIC EQUITY PROMOTORAS PROGRAM, WHICH PROVIDES FINANCIAL EDUCATION AND TRAINING TO COMMUNITY MEMBERS AND MICRO-ENTREPRENEURS IN SOUTHERN CALIFORNIA. WE LAUNCHED OUR SECOND RACIAL & ECONOMIC JUSTICE COHORT, WHERE WE EQUIPPED NONPROFIT LEADERS WITH THE LANGUAGE, TOOLS AND RESOURCES TO ADVOCATE FOR RACIAL AND ECONOMIC JUSTICE.