Advancing Economic Inclusion in Southern Cities: New Orleans
Photo by Chris Schildt
Asali DeVan Ecclesiastes, Director of Strategic Neighborhood Development at the New Orleans Business Alliance, gave participants a tour of the Lafitte Greenway.
Six cities from around the South gathered in New Orleans on October 22-24 for the ninth convening of the Southern Cities Economic Inclusion initiative, hosted by the Annie E. Casey Foundation. City staff and community leaders from Asheville, Atlanta, Charlotte, Memphis, New Orleans, and Richmond met to strategize on how to create thriving, local economies grounded in racial equity – just and fair inclusion into society so that all can participate, prosper, and reach their full potential.
Participants drew inspiration from the host city, New Orleans. A walking tour took participants to the Lafitte Greenway and the Claiborne Corridor Cultural Innovation District, which is bringing entrepreneurs, murals, and cultural events together to revitalize a historically African American business district that was devastated by the construction of an elevated highway, I-10. The New Orleans Business Alliance – established as a public-private partnership to accelerate inclusive economic development in the city – shared their work to advance “Culture Equity Prosperity” through business supports and equitable economic development.
But challenges remain. Housing costs have risen dramatically in many low-income neighborhoods in New Orleans, driven by outside investment that many fear will be exasperated by the new federal Opportunity Zones tax incentive. At the same time, middle-class African American neighborhoods in New Orleans East struggle to attract investment in neighborhood-serving businesses. In response to these challenges, the city has passed stronger equitable development tools, such as a mandatory affordable housing inclusionary policy, and stronger clawback provisions when goals are not met.
A central theme of the convening was the need for equity leadership across city government, from frontline staff who provide vital services every day, to the Mayor and department leaders who must define success in terms of equity outcomes. To help institutionalize equity in city government, the group workshopped developing a new assessment tool that would allow cities to determine how well they are advancing economic inclusion strategies, including small business supports, equitable procurement and contracting, collecting data, and building new partnerships.
Housing Trust Funds - Equitable Development Toolkit
Overview
Public funds, established by legislation, ordinance or resolution, to receive specific revenues dedicated to affordable housing development. (2004)
Transforming Community Development with Land Information Systems
Overview
Describes how pioneering organizations and partnerships are turning robust, integrated parcel data systems into powerful tools for guiding community change, such as monitoring and preserving affordable housing and planning commercial district revitalization.
Community Land Trusts - Equitable Development Toolkit
Overview
This alternative property ownership model encourages permanent affordability and wealth-building. (2004)
Transit Oriented Development - Equitable Development Toolkit
Overview
How to implement TOD -- compact, mixed-use, pedestrian-oriented communities located around new or existing public transit stations -- in a way that achieves equity goals. (2008)
Building an Equitable Tax Code: A Primer for Advocates
Overview
In recent years a national discussion has been underway about the causes and effects of growing inequality, but one cause that has received little attention is the role of the U.S. tax code. The individual tax code contains more than $1 trillion in tax subsidies known to policymakers and economists as tax expenditures because, like spending programs, they provide financial assistance to support specific activities or groups of people. Of these subsidies, more than half a trillion, $540 billion, support some form of savings or investment (e.g., higher education, retirement, homeownership).
In theory, tax code–based public subsidies should help all families save and invest, but instead, wealthier households receive most of the benefits. In fact, a recent analysis of the largest wealth- building tax subsidies found that the top 1 percent of households received more benefits from these tax code–based subsidies than the bottom 80 percent combined.
The new brief answers key questions about tax expenditures: What are they, how do they work, and who benefits? In addition, since the Internal Revenue Service (IRS) does not collect tax data by race, the primer uses data related to the distribution of benefits by income quintiles and the demographics of each quintile to provide a rough approximation of how different racial and ethnic groups do or do not benefit from the different categories of tax expenditures.