New Economics For Women

TO EMPOWER GENERATIONS OF UNDER-RESOURCED WOMEN AND THEIR FAMILIES TO THRIVE.

FAMILYSOURCE CENTERS: THROUGH NEW'S TWO FAMILYSOURCE CENTERS (FSCS), NEW EMPOWERS THOUSANDS OF ADULTS, YOUTH, AND CHILDREN TO PROVIDE ACCESS TO RESOURCES TO STABILIZE AND ECONOMICALLY EMPOWER FAMILIES, AND ASSIST IN THEIR DEVELOPMENT OF PATHWAYS TOWARD ECONOMIC PROSPERITY. IN PARTNERSHIP WITH THE CITY OF LOS ANGELES, NEW ACTS AS THE LEAD AGENCY FOR FSCS LOCATED IN THE CANOGA PARK AND VAN NUYS COMMUNITIES OF LOS ANGELES. AT EACH SITE, NEW'S PARTNERSHIPS WITH OTHER COMMUNITY-BASED TO PROVIDE LOW-INCOME FAMILIES WITH HIGH QUALITY SERVICES, WORKSHOPS AND EVENTS TO ENABLE INCREASES TO FAMILY INCOME, HOUSING STABILITY, AND ECONOMIC MOBILITY. FAMILIES ENROLLED IN THE FSCS CAN ACCESS A HOLISTIC SPECTRUM OF ANTI-POVERTY SERVICES INCLUDING CASE MANAGEMENT, EMPLOYMENT SERVICES, LEGAL SERVICES, FREE TAX PREPARATION, FINANCIAL LITERACY CLASSES, FINANCIAL COACHES, TECHNOLOGY WORKSHOPS AND COMPUTER LABS, YOUTH LEADERSHIP AND COLLEGE/CAREER READINESS ACTIVITIES, AND MANY MORE. NEW'S FOCUS ON BEHAVIORAL ECONOMICS HELPS TO PROVIDE INROADS FOR LOW-INCOME FAMILIES TO ACHIEVE TRUE UPWARD ECONOMIC MOBILITY AND SUSTAINED SUCCESS OVER TIME.

REAL ESTATE DEVELOPMENT: NEW'S REAL ESTATE DEVELOPMENT DEPARTMENT PERFORMS BOTH NEW CONSTRUCTION, ACQUISITION AND REHABILITATION OF REAL ESTATE TO SUPPORT NEW'S CREATION OF AFFORDABLE HOUSING, ECONOMIC DEVELOPMENT SPACES AND TO ENABLE NEW'S STAFF LOCATIONS THROUGHOUT THE REGION. NEW'S REAL ESTATE DEVELOPMENT TEAM ALSO PERFORMS ASSET MANAGEMENT FUNCTIONS TO SUPPORT NEW'S OPERATION OF ITS PORTFOLIO OF AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENT SITES, INCLUDING INTERACTIONS WITH PROPERTY MANAGEMENT AFFILIATES AND 3RD PARTY COMPANIES. NEW HAS BEEN ACTIVELY INVOLVED IN PREDEVELOPMENT WORK TO SUPPORT SEVERAL AFFORDABLE HOUSING PROJECTS IN THE DEVELOPMENT PIPELINE, INCLUDING NEW CONSTRUCTION AFFORDABLE HOUSING PROJECTS RUTH TEAGUE APARTMENTS AND MARCELLA GARDEN APARTMENTS IN SOUTH LOS ANGELES, AND PARQUE VISTA APARTMENTS IN GLASSELL PARK, LOS ANGELES.ON JUNE 15TH, 2022, NEW ECONOMICS FOR WOMEN (NEW) SIGNED A MICROGRANT SERVICING AGREEMENT WITH NEW COMMUNITY INVESTMENTS, LLC (NCI) WHEREIN NEW WILL INVEST $2,000,000 OF ITS C-GEM PROGRAM ALLOCATION INTO NCI AS ITS WHOLLY OWNED LENDING ENTITY AND DESIGNATED MICROGRANT SERVICER. NCI WILL THEN CREATE AND ADMINISTER A QUALIFYING GRANT PROGRAM TO SERVICE AT LEAST 150 ENTREPRENEURS OVER A TWO AND ONE-HALF (2 1/2) YEAR PERIOD LIVING AND OPERATING IN LOS ANGELES COUNTY. THE $2 MILLION GRANT PROGRAM WILL BE EARMARKED FOR C-GEM PROGRAM PARTICIPANTS WHO MEET THE C-GEM PROGRAM REQUIREMENTS FOR MICROENTERPRISE GRANTMAKING. IN ADDITION TO THE $2 MILLION INVESTMENT UNDER THE AGREEMENT, NEW WILL PAY NCI A $250,000 TOTAL FEE TO PERFORM ALL GRANT QUALIFICATIONS, APPLICATIONS, REVIEW, DISBURSEMENT AND TRACKING OF QUALIFIED NEW C-GEM PROGRAM PARTICIPANTS OVER THE NEXT 30 MONTHS OF THE C-GEM PROGRAM OPERATION.

WOMEN'S BUSINESS CENTER: NEW'S SBA WOMEN'S BUSINESS CENTER (WBC) PROGRAM HELPS ASPIRING ENTREPRENEURS RECEIVE THE MOTIVATIONAL SUPPORT, EDUCATION AND PRACTICAL TOOLS THEY NEED TO TRANSFORM THEIR PERSONAL PASSION INTO A THRIVING SMALL BUSINESS. THESE SMALL BUSINESS UPSTARTS WORK TO PROVIDE ECONOMIC MOBILITY ACCELERATORS TO EACH OWNER, WHILE SPURRING JOB GROWTH AND ECONOMIC STABILITY FOR THE EMPLOYEES AND AREAS SERVED BY THESE POWERFUL SMALL BUSINESSES. WBC IS PART OF A THRIVING INTERCONNECTED ECOSYSTEM OF SERVICES DESIGNED TO SPAR ECONOMIC MOBILITY IN FAMILIES. WBC HAS PROVIDED THOUSANDS OF PARTICIPANTS WITH HIGH QUALITY RESOURCES FOR BUSINESS DEVELOPMENT, BOTH IN PERSON AND VIRTUALLY, WITH AN EMPHASIS ON SPANISH AND ARMENIAN LANGUAGE RESOURCES, DUE TO THE NEEDS OF THE LOCAL COMMUNITY IN THE CANOGA PARK AREA OF LOS ANGELES. EDUCATIONAL WORKSHOPS LED BY INDUSTRY PROFESSIONALS ARE OFFERED TO PARTICIPANTS, ADDRESSING TOPICS FROM FINANCE TO SOCIAL MEDIA MARKETING TO EMOTIONAL RESILIENCE, AND SPECIFIC PROGRAMS HAVE BEEN DEVELOPED TO ADDRESS FASHION AND RESTAURANT INDUSTRIES. FAST-PACED INNOVATION AND STRATEGIC USE OF TECHNOLOGY HAS BECOME A HALLMARK OF THE WBC PROGRAM, AND ITS MARKETING TO WOMEN AND BIPOC ENTREPRENEURS, AND RESPONSIVENESS TO ALL CLIENT NEEDS FOR CURRICULUM AND EVENT DEVELOPMENT, HAS MADE THIS ONE OF NEW'S MOST POWERFUL TOOLS FOR THE ECONOMIC MOBILITY OF ITS CLIENTS.

LEARNING CENTERS: NEW'S LEARNING CENTERS EMPOWER STUDENTS AND THEIR FAMILIES TO BUILD A FOUNDATION FOR ACADEMIC SUCCESS BY ELEVATING THEIR ASPIRATIONS AND EQUIPPING THEM WITH THE KNOWLEDGE THEY NEED TO CONFIDENTLY SUCCEED AS STUDENTS OF THE WORLD. WITH OVER 220 STUDENTS ENROLLED IN THE PICO-UNION AND CANOGA PARK AREAS OF LOS ANGELES, NEW PROVIDES YEAR-ROUND PERSONALIZED HOMEWORK SUPPORT, A ROTATING SELECTION OF ENRICHMENT COURSES, SUMMER AND WINTER DAY CAMPS, HOLIDAY EVENTS, COMMUNITY CLEAN-UPS, AND A BROAD ARRAY OF SPECIALTY PROGRAMS MADE POSSIBLE THROUGH PARTNERSHIPS WITH VARIOUS OTHER ORGANIZATIONS DEDICATED TO ACADEMIC SUCCESS. OUR STAFF EMPOWERS STUDENTS TO EMBRACE THEIR CURIOSITY AND LOVE OF LEARNING, AND GIVES PARENTS THE RESOURCES TO ACTIVELY AND CONFIDENTLY SUPPORT THEIR CHILDREN'S EDUCATIONAL GOALS.