FYIC Core Project Fall 2018 Fifth Third Bank
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This document outlines a team's proposal to build wealth and community through increasing access to capital for Hispanic families and small businesses. It notes that Hispanic populations in the US tend toward collectivism and family-focused values over individualism. Additionally, Hispanic families and millennials start new businesses at higher rates but invest and save less than white populations. The team proposes a fund that provides microloans and term loans to support individuals, families, and small businesses. Case studies show such funds can have high repayment rates and positively impact local economies. The goal is to help more Hispanic individuals and families build savings and support future generations.
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Diversity in the United States Final by GilSheppard ETH125.docx Sat. May 16,...
The document discusses diversity in the United States. It notes that minority populations are expected to become the majority by 2050, with Hispanics growing the fastest. There have historically been challenges to diversity from European colonists not respecting Native Americans. However, diversity provides benefits like improved business and innovation. The media both supports diversity through educational content and shows prejudice at times in its coverage of issues. Overall, as diversity increases, working together across racial and ethnic groups will be important for community success.
1Running Head ANNOTATED BIBLIOGRAPHY2ANNOTATED BIBLIOGR.docx
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Running Head: ANNOTATED BIBLIOGRAPHY
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ANNOTATED BIBLIOGRAPHY
Annotated Bibliography
Stephen Benoit
GEN499 General Education
Tony Kashani
April 10, 2017
Introduction: In United states of America, wealth or income inequality is valuable because it sometimes gives people incentives to work hard and try to adopt other business ideas. However, in a reality perspective it harms the American society, socially and economically. This is due to greater inequality stifles upward movement between generations. Therefore, it is harder for talented and hardworking Americans to get what they deserve through toiling because the income is concentrated, under the custody of a certain group of people, compromises the ability of a democracy for equal distribution of resource and equal political voice to all citizens regardless of race, ethnicity, and working class. So, as we understand “wealth disparity”, in the United States exhibits wider wealth distributing inequality, majorly witnessed between rich and the poor. For that matter, there is need to look deep into the matters attributing to wealth inequality in States with a policy to review about wealth distribution. This will define the wealth distribution imbalance. Wealth disparity (inequality) is a threat to American development among the poor majorly attributed by federal minimum wage, culture, racial and gender discrimination. It can therefore be reduced through democratic, equal distribution of resources across all ethnic groups and race.
Annotation 1:
Kington and Smith (The Journals of Gerontology series: Psychological sciences and social Sciences: Special issue, from 74). Racial disparities in Disability among older adults.
The articles in this journal tried to examine the association that is seen between races in relation to assets allocation then reported difficulties performing instrumental daily activities. This is also associate with age; disparities in disability among older adults. This journal has used the asset and health dynamic among the oldest old (AHEAD) in its study to focus on persons of 70 years and above. The study is supported by statistics, giving clarifications that wealth disparity is in anyway associated with age, in relation to income dispersion accounts for today’s wealth disparities seen in older Americans (Smith, 1997).
Statistically, the distribution of the demographic and health-related issues for women by race showed that African American women were on average younger, which is less likely as reported disability than white women. Therefore, it affirmed that wealth disparity is majorly observed among older minority households, who are blacks as compared to households of whites. Other factors related to wealth disparity in the article include income, health and inheritance.
Annotation 2:
CESifo Econ Study (2017) 63 (1): 97-118; Employment Adjustment and Controlling Minority Ownership structure; (evidence for stewardship governance).
This article purp ...
Escalating American Consumerism 2015 UPDATE
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This document summarizes research on opportunities and challenges facing black males. It finds that while there has been some progress in educational attainment and business ownership for black males, most live in areas with low economic opportunity. Research identifies factors such as lack of jobs, low educational resources, family instability, and incarceration that impact outcomes. However, the document also emphasizes community strengths like economic power within the black community, political influence, and opportunities for coalition building across racial groups. It provides examples of successful coalitions in Chicago and Milwaukee that have addressed issues like workforce development.
Opportunity Communities: How Do We Get to Empowerment?
Opportunity Communities: How Do We Get to Empowerment?Kirwan Institute for the Study of Race and Ethnicity
The document summarizes John Powell's presentation on collaborative solutions for inclusive and sustainable community economic development. It discusses how opportunity structures differ between communities and regions. It advocates looking at the relationships between institutions, systems and people. The presentation focuses on strategically connecting communities to opportunity through collaboration, engagement and empowerment across multiple domains to create equitable regions where all people and places have access to basic needs and a voice in their future.Beyond Post-Racialism, Toward Opportunity and Social Justice
Beyond Post-Racialism, Toward Opportunity and Social Justice Kirwan Institute for the Study of Race and Ethnicity
The document discusses issues of racial inequality and opportunity in Detroit and beyond. It argues that while some see Obama's election as signifying a post-racial era, racial disparities persist and disadvantage marginalized groups. Specifically, foreclosures have disproportionately impacted black and Latino communities. The document calls for a focus on targeted universalism, coalition building, and empowering community organizations like MOSES to promote social justice and equal opportunity.Business Article
The article discusses the misrepresentation of Hispanics in American advertising. It provides an example from 2007 where a Tecate beer ad with the phrase "Finally, a Cold Latina" caused uproar and was removed. The article then explores common Hispanic stereotypes used in ads, the significant economic opportunities presented by the growing Hispanic market, and steps some companies are taking to improve representation, such as conducting research on regional nuances and focusing on issues relevant to Hispanics.
Connecting with Donors of Color
The document discusses strategies for universities to improve outreach and fundraising from minority alumni and student groups. It notes that minority populations will make up an increasing share of alumni in the future. The key strategies discussed are building personal relationships, understanding the cultural contexts and motivations for giving among different minority groups, and framing fundraising messages and asks appropriately for each group through research on effective approaches. Georgetown University is highlighted for its African American Advisory Board, which advises on engagement of African American alumni and has increased donations from that group.
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Through the use of literature review, data analysis, community engagement and policy advocacy, this presentation seeks to uncover the degree to which racial discrimination in the employment sector still exists today. Detroit, MI will be utilized as a case study.
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Response one pold-01How Diversity Affects Knowledge and Politica.docx
The document discusses the concept of diversity and how it affects knowledge and political life in America. It defines diversity as differences between people in terms of race, gender, religion, socioeconomic status, and other demographic factors. The document discusses how diversity shapes knowledge by influencing what is taught in history and how people learn based on their life experiences. It also discusses how diversity affects political beliefs, priorities, and participation. People from different demographic groups often have divergent views on policy issues due to differences in their life experiences. As the demographics of the U.S. continue to change and minorities become the majority by 2044, addressing diversity will become increasingly important to accurately represent society and close gaps in education and civic participation.
Business Case for Diversity in Nonprofit Sector (Rural)
The document outlines strategies for improving diversity and inclusion at nonprofit organizations, noting that while many nonprofits value diversity, most do not do enough to create an inclusive work environment. It recommends establishing CEO commitment, clear communication, aligning human resources practices with diversity goals, and holding organizations accountable through metrics as critical components of an effective diversity and inclusion strategy. The changing demographics of the United States are also presented to emphasize the importance of diversity efforts.
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Response one pod-05One of the biggest changes that has occurred .docx
Response one pod-05
One of the biggest changes that has occurred to disturb the patterns that were once reliable was the surge in multiracial movement in the 1990s. This movement was linked to the census designations available in 1990 for racial identification because there were not enough choices to reflect the diversity that actually exists. As Williams (2017) explains, traditional racial categories broke down during this movement which is an important aspect of how people view themselves as voters. Changes in self-identification is an important indicator in how groups vote and respond to elections in general. It is difficult to find trends between voting or partisan choices and racial or ethnic groups when the people who would traditionally have been assumed as members of one group may not identify that way. People who are of African and Hispanic descent, as one of numerous possible examples, may self-identify more as African or more as Hispanic which is determined by more factors than political partisanship can truly take into account. Most recently, eight years with a multiracial president has changed how groups identify with political parties. Jacobson (2016) discusses Obama as having been the most polarizing president in history, up to that point at any rate. During the eight years of Obama’s presidency, divides along generational lines widened and evaluations of his success split along racial lines (Jacobson, 2016).
The most recent election, if one digs past the hyperbole, tended to focus more on what elections mean in terms of power distribution. Butcher and Goldsmith (2017) describe the redistribution of power after elections as a bargain for those who win and a position of potential loss for those who do not win elections or who support the losing party. The fear of power transfer and loss can create a situation where violence is likely. Butcher and Goldsmith (2017) were focused on ethnically fractionalized countries where violence was expected in the course of power transfers and elections but did not find violent responses as much as one would think. Although the focus was on ethnically split countries, the 2016 elections in America did have violent results even though the divisions were not always or solely between different races. The divisions were also ideological.
The ideological divisions between people in America will continue to grow and be the basis for partisan alignment more than race or ethnicity or gender. Boudreau, et al. (2015) examine the likelihood of partisan alignment and voter decisions based on the endorsements of parties and newspapers which are treated as non-ideological signals by voters. The suggest made by Boudreau, et al (2015) is to provide more information on the issues important to the candidate so the voter can base votes on who is most aligned with their policy priorities. The 2016 elections, while still slinging plenty of mud and scandal, really did put policy issues front and center. Regardless o ...
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- 1. BUILDING WEALTH AND COMMUNITY Nero Xiong Emily Murillo Haley Thompson Benjamin Boczulak Hannah Chauvin
- 2. “There is no power for change greater than a community discovering what it cares about” – Margaret J. Wheatley
- 4. DIVERSITY OF US POPULATION Figure 1. Diversity of US Population (Stanford Graduate School of Business, 2017) Non-Hispanic Americans Hispanic Americans
- 5. INSIGHT: VALUE COMMUNITY AND FAMILY (Korzenny & Korzenny, 2012)
- 6. Collectivism Individualism (Korzenny & Korzenny, 2012) INSIGHT: COLLECTIVISM OVER INDIVIDUALISM
- 7. INSIGHT: INVEST LESS THAN MAJORITY $0.18 Hispanic-American couples $0.51 White couples Figure 2. Investing Habits of Hispanic-Americans (Cobb-Clark & Hildebrand, 2006)
- 8. SAVING HABITS OF HISPANIC-AMERICANS 42% of families (Federal Reserve, 2017)
- 9. INSIGHT: STARTING BUSINESSES HISPANIC MILLENIALS ALL MILLENIALS (Stanford Graduate School of Business, 2017)
- 10. OUR SOLUTION REACH by Fifth Third Bank
- 11. Micro Loans Term Loans Investment Returns Interest FUND
- 12. OPPORTUNITY Families and Individuals - Build wealth and support the local community - Support future generations - Innovative businesses
- 13. OPPORTUNITY Small Business – - Increased access to capital, employment, and job creation – - 32% increase in new businesses (Khavul, 2010)
- 14. BUSINESS VIABILITY Cincinnati Access Fund – $3.5 Million Dollars – Micro Loans and Term Loans – Subsidized by City of Cincinnati (Fifth Third Bank, 2018)
- 15. BUSINESS VIABILITY Aspiration Bank 90% of customers choose to pay (Ellingson, 2017)
- 16. BUSINESS VIABILITY – Case Study in India – Returns on microloans in the USA (Khavul, 2010)
- 18. FINAL RESULTS Cross-selling Impact on the community More money to save
- 19. “There is no power for change greater than a community discovering what it cares about” – Margaret J. Wheatley
- 20. REFERENCES Cobb-Clark, D. A., & Hildebrand, V. (2006). The Portfolio Choice of Hispanic Couples. Social Science Quarterly, 87(5), 1344–1363. Ellingson, A. (2017, April 26). Online bank Aspiration helps consumers put their money where their values lie. Retrieved from https://www.bizjournals.com/losangeles/news/2017/04/26/online- bank-aspiration-values.html Federal Reserve. (2017, October). Share of families that saved in the United States from 2001 to 2016, by ethnicity. Statista - The Statistics Portal. Fifth Third Bank. (2018, October 2). Fifth Third Announces Launch of $3.5 Million Cincinnati Access Fund; Joins LISC, City of Cincinnati to Boost Minority Entrepreneurship. Retrieved November 19, 2018, from https://www.53.com/content/fifth-third/en/media-center/press-releases /2018/press-release-2018-10-02.html JD Power Survey. (2016). JD Power. Khavul, S. (2010). Microfinance: Crating Opportunities for the Poor? Academy of Management, 24(3), 58–72. Korzenny, F., & Korzenny, B. A. (2012). Hispanic marketing: connecting with the new Latino consumer (2nd ed). London ; New York: Routledge. Prudential. (2014). The Hispanic American Financial Experience. Retrieved from https://www.prudential.com/media/managed/hispanic_en /prudential_hafe_researchstudy_2014_en.pdf Stanford Graduate School of Business. (2017). 2017 State of Latino Entrepreneuership. Retrieved from https://www.gsb.stanford.edu/sites/gsb/files/publication-pdf/report-slei-state-latino- entrepreneurship-2017.pdf Valdés, M. I., & Moya, S. (Eds.). (2012). Win! the Hispanic market: strategies for business growth. Ithaca, NY: Paramount Market Pub.
- 21. QUESTIONS?