Black Wealth Data Center

[New Feature] Discover key wealth indicators for community areas using our new feature, the Local Wealth Explorer. The Local Wealth Explorer is an interactive equity map designed to help public and private sector leaders determine the needs of specific communities within their cities through granular, actionable metrics on income, homeownership, education, and access to schools, hospitals, and other resources. 📊 Explore census tract data to pinpoint areas with significant racial wealth disparities 🔍 Search by zip code to quickly find data to address specific community needs 💡 Get dynamic insights to evaluate programs and allocate resources strategically Now available for Baltimore, Detroit, and Philadelphia with more cities coming soon! Get access when you sign up for a free user profile on our site: https://lnkd.in/ds6yCPNk

With days into this new year, I am reflecting on the powerful ways we deepened investment, built on successful programs, and expanded our network at Bloomberg Philanthropies‘ Greenwood Initiative in 2024! We celebrated many milestones alongside our awesome partners. Here are just a few proud moments (and snapshots) that we are hoping to use as momentum in 2025: - Celebrating the Black Wealth Data Center's 2nd anniversary! This platform has expanded to include more than 40 datasets, 415 sub-datasets, and 61 data visualizations — providing actionable data that supports the racial wealth equity work of leaders and decision-makers.   - Making a historic $600 million gift to the endowments of the nation’s four historically Black medical schools, investing in both the present and future at these institutions.   - Welcoming a third cohort of Vivien Thomas Scholars at The Johns Hopkins University, addressing historic underrepresentation in science, technology, engineering, and math (STEM) fields. We now have more than 50 scholars in this program!   - Participating in important conversations at convenings like the African American Mayors Association Annual Conference, All In Together Black Women Lead conference, Black Economic Alliance Solutions Summit, Congressional Black Caucus Foundation‘s 53rd Annual Legislative Conference and others that highlighted the ongoing work to drive ways to further economic mobility in our communities. Looking forward to the year ahead!

Minority depository institutions provide an important service to communities of color by offering access to capital, loans, mortgages and other banking services to low-income and underserved individuals. Use our Local Wealth Explorer to explore home mortgage rates broken down by race and ethnicity, and MDI locations in local communities: https://buff.ly/40LzdNX

On average, Black households’ energy burden is 43 percent higher than White households, with low income households spending 3x more, as a percentage of their income, on energy costs than affluent households. Use our Local Wealth Explorer to find out what areas of cities like Baltimore, Detroit, or Philadelphia experience higher household energy costs than others to better address the needs of local residents: https://buff.ly/40LzdNX

🗣️ In conversation with Diana Elliott: Understanding demographic data is key to driving policies that promote economic equity. In this blog post, Diana Elliott, a demographer and data expert at the Population Reference Bureau, discusses the updated Office Management and Budget (OMB) standards for collecting, maintaining, and presenting race/ethnicity data across federal agencies. She shares the pivotal implications of these updated standards, inspired by years of dedicated research aimed at improving data accuracy in an environment where racial and ethnic identities are constantly evolving. Check out the full interview to learn more about the vital role representative data plays in developing solutions to our most deep-rooted societal inequalities. https://lnkd.in/ea-pGcGN

We recently launched our new Local Wealth Explorer offering census-tract-level data about education, income, homeownership, and other key wealth indicators. The Local Wealth Explorer is currently available for Baltimore, Detroit, and Philadelphia but we'd love to know what cities you'd like us to launch next. Click to submit your suggestion for our next Local Wealth Explorer city:

The Local Wealth Explorer is our latest feature offering insights into the state of racial wealth equity for community areas within cities. Search by zip code to see key wealth indicators across race and ethnicity, and compare census tract data with city data for each indicator. Start exploring the data today! https://buff.ly/40LzdNX

On October 30, our team will attend Bloomberg's Power of Difference event, the signature event for Bloomberg's Black Professional Community (BPC). This year we will be joining a discussion along with the UCLA Latino Policy & Politics Institute and Marvin Ward, focused on the holistic process of data stewardship and how decision-makers are using data to advance racial wealth equity. Register today: https://lnkd.in/geTV_ptS 

Congratulations to the Black Wealth Data Center for two successful years! Bloomberg Philanthropies launched this platform to respond to a challenge: to support the racial equity work of leaders and decision-makers with actionable data. Since then, the BWDC team has grown and has become an invaluable source to the field – fueling both national and local efforts advancing racial wealth equity through expanded data and data visualization tools. I am so proud of our team, who contribute their hard work, innovative thinking and passion. I look forward to what we will accomplish in the next two - and beyond.

We believe collaboration is key to driving systemic change. Over the past two years, we’ve teamed up with incredible organizations and thought leaders to push forward meaningful progress on racial wealth equity.   Thank you to our partners for being with us on this journey. Here’s to many more years of impact and growth!