Consider the tremendous economic opportunity inherent in a single percentage point. Think about the enormous economic impact of moving the needle of progress along a pathway toward racial equity by just a single percentage point.
First, let’s define the term, “racial equity” to establish a common frame of reference and understanding. For many, racial equity refers to equitable access to resources and opportunity. That definition is accurate but incomplete. In the realm of homeowners, business owners and investors, “equity” refers to “ownership.” Equitable ownership of lands, homes, businesses and intellectual property are valued assets that can be passed onto future generations as “generational wealth.” This is a more complete definition of racial equity in measurable terms.