Strategies: Racial Wealth Building

Evidence-informed strategies to close the racial wealth divide. These solutions account for historical practices that established and maintain the wealth divide– and reduce wealth inequities by increasing income and assets, expanding employment opportunities, removing barriers to quality education, and increasing access to homeownership. 

43 Strategies

Paid family leave

Provide employees with paid time off for circumstances such as a recent birth or adoption, a parent or spouse with a serious medical condition, or a sick child
Evidence Rating:
Scientifically Supported

Community Conditions

  • Income, employment and wealth

Societal Rules

  • Institutional practices
  • Laws and policies

Paid sick leave laws

Require employers in an affected jurisdiction to provide paid time off for employees to use when ill or injured
Evidence Rating:
Some Evidence

Community Conditions

  • Income, employment and wealth

Societal Rules

  • Institutional practices
  • Laws and policies

Payday loan regulations

Regulate short-term loans that must be repaid by a borrower’s next pay day via bans, caps on maximum interest rates and loan amounts, or require minimum loan terms and credit cost
Evidence Rating:
Mixed Evidence

Community Conditions

  • Income, employment and wealth

Societal Rules

  • Laws and policies

Publicly funded pre-kindergarten programs

Provide publicly funded pre-kindergarten (pre-K) education to 3- and 4-year-olds, through large-scale or universal efforts
Evidence Rating:
Scientifically Supported

Community Conditions

  • Education

Societal Rules

  • Budgets

Refundable child and dependent care tax credit

Offer a refundable tax credit to working families with qualifying children or other dependents that receive care outside the home (e.g., a spouse with disabilities)
Evidence Rating:
Expert Opinion

Community Conditions

  • Income, employment and wealth

Societal Rules

  • Laws and policies
  • Budgets

Reparations for Black descendants of people enslaved in the U.S.

Apologize for the history and legacy of slavery and provide direct payments or community investments to Black descendants of people enslaved in the U.S.
Evidence Rating:
Expert Opinion

Community Conditions

  • Income, employment and wealth
  • Civic and community resources

Societal Rules

  • Laws and policies
  • Worldviews, culture and norms

Sector-based workforce initiatives

Provide industry-focused education and job training based on the needs of regional employers within specific sectors
Evidence Rating:
Some Evidence

Community Conditions

  • Income, employment and wealth

Social service integration

Coordinate access to services across delivery systems and disciplinary boundaries (e.g., housing, disability, physical health, mental health, child welfare, workforce services, etc.)
Evidence Rating:
Some Evidence

Community Conditions

  • Safety and social support

Societal Rules

  • Institutional practices

Tax increment financing (TIF) for affordable housing

Create designated tax districts that generate revenue to invest in affordable housing initiatives, blight remediation, and economic development efforts
Evidence Rating:
Expert Opinion

Community Conditions

  • Housing and transportation

Societal Rules

  • Budgets

Transitional and subsidized jobs

Establish time-limited, subsidized, paid jobs to help individuals with barriers to employment transition to unsubsidized employment
Evidence Rating:
Scientifically Supported

Community Conditions

  • Income, employment and wealth