The Importance of Antiracist Practice to Prosperity Works
As an asset-building leader, Prosperity Works recognizes the inextricable linkage between socioeconomic and racial inequities—all of which are being brought into sharp relief by the global pandemic.
Prosperity Works is committed to being an active antiracist organization that works through our Financial Opportunity & Inclusion Continuum (FOIC) to bake authentic, equity-centered education into our internal processes and outward-facing initiatives as we advocate for the liberation of limited-income and Black, Indigenous, People of Color communities (BIPOC).
We will endeavor to be explicit about how our FOIC initiatives intersect with and inform our antiracist praxis, and how we center race in our community-focused, collaborative solutions.
We have scoped specific equity-centered milestones within the next five years, and will “do the work” authentically—recognizing that effecting equitable outcomes rarely occurs along a linear trajectory when done intentionally; as such, we fully expect organic growth and development within and beyond our milestones.
“Together, we will build a more diverse and resilient local economy for a post-COVID-19 future by removing barriers for all New Mexicans in order to create generational change.” —Arellana Cordero, President & CEO
Support Prosperity Works on #GivingTuesday!
Save the date for #GivingTuesday, December 1st!
We're looking for 10 individuals to be a GivingTuesday Ambassador and join our #10for10Challenge! Each Ambassador will encourage 10 of their friends each to make recurring monthly $10 donations to Prosperity Works, starting on GivingTuesday!
If you're unable to be a 10 for $10 Ambassador this year, please consider making a donation to Prosperity Works to support our programs and advocacy efforts using the link below.
A few weeks ago, PNM shareholders gave $2 million to help customers pay down their past-due energy bills.
Through a partnership with PNM and HELP New Mexico Inc., eligible New Mexico customers facing past-due energy bills can now apply for customer energy assistance through the PNM COVID Customer Relief Fund.
If you or someone you know is past due on their energy bills, you can learn more and apply through the link below. The deadline to apply is December 31st.
Like many organizations committed to equity-centered work, Prosperity Works is excited for the opportunities ahead of us—to advocate even more fiercely for policy and process that reduce racial and economic inequities.
We also recognize we have a lot of work to do to lead with intention and to authentically center the voices and lived experiences of our BIPOC neighbors who are often omitted from conversations that matter.
As Prosperity Works pivots to reframe our community-focused, asset-building initiatives through an intersectional lens that centers antiracist praxis, we remain steadfast in our dedication to hold one another in community, and to fight for a New Mexico where prosperity works for everyone.
This summer we asked you to take a Climate Action Survey to see what you felt was most important for the city to implement to combat climate change and its effects. The survey received 3,100 responses from residents in 200 neighborhoods.
We created our IDA initiative to help empower hardworking families to save, invest, and accumulate assets to enhance their household’s long-term socioeconomic health and wellbeing. Assets like a home, college education, or small business can promote long-term financial solvency and bridge generations.
Prosperity Kids Program
Prosperity Kids Children's Saving Accounts (CSA's) are matched college savings accounts for limited-income households. Parents must complete 10 weeks of financial literacy and parent-child development education. Each CSA is opened with a $100 deposit and are matched 1:1—up to $200 per year until they graduate high-school. Depending on the age at which a child enrolls in Prosperity Kids, they have the opportunity to graduate high school with $5,000 or more in savings for postsecondary education.
TrueConnect is an employer-provided loan product that assists employees in accessing a fair loan.
Prosperity Works recognized the extent to which high-interest predatory lenders undermined individual borrowers’ long-term financial health, eroded community economic development initiatives, and advocated against legislation to protect consumers. And through our partnership with TrueConnect, employees in New Mexico now have a more equitable lending alternative to predatory storefront lenders.
Employers across the state, and across all sectors, have adopted TrueConnect. With no cost or risk to the employer and no credit check for the employee, these loans of up to $5,000 have helped employees address short-term emergencies and reduce financial stress—all of which supports a healthier, more productive workplace.
If your business is interested in TrueConnect contact us today.