Given today's complex linkage between racial and economic inequities, COVID-19 has disproportionately impacted the very communities Prosperity Works is seeking to equip, empower, and support. Without the resources to build their socioeconomic assets, it will be impossible for these populations to fully share in economic prosperity.
We frame our community-embedded work through an intersectional lens that centers on racial equity - coupling community support with policy advocacy to dismantle racist policy and barriers to economic opportunity that have historically limited the economic prosperity of low-income households. Especially BIPOC households.
The fact is that poverty is a mismatch between the capacity of our society and the opportunity of the individual. Our nation is seen by so many of us to be in turmoil. While there is no silver bullet to solve the nation’s problems if every American were afforded a fair and just opportunity to succeed it would go a long way to making our country great. This year, we lost two brave, values-driven champions: Congressman John Lewis and Justice Ruth Bader Ginsburg. Their work leaves us with a roadmap for values-driven leadership, which is at the center of everything we do at Prosperity Works. A meritocracy assumes everyone is on a level playing field. If a person works hard to grow and performs exceptionally, they are rewarded. But what if this were not completely true?
What happens when "justice" becomes a filter for decision making in all that we do? It does not say that you can't or should not be profitable, but it does say that you have an enormous opportunity to make a difference in the lives of the families we serve, our communities, and our state. This is our opportunity to come together to challenge every assumption we have about who we are and who we want to be in our personal, community, and business lives so that we may once again think about a time where we can thrive together.
It's time - let’s seize this opportunity and move from silence to commitment!
Prosperity Kids Program
Celebrates First Graduate
Eighteen-year-old Estefania Valencia is fulfilling her dream to attend college—an aspirational goal built upon her strong funding foundation through Prosperity Works’ Prosperity Kids Child Savings Account (CSA) Program.
“The Prosperity Kids program pushed the idea of college no matter what,” said Valencia, “I just had the goal to go to college after enrolling in the program.”
Not only is Valencia making history on a personal front—she will be a first-generation college student—but she also is making Prosperity Works history by being the first to complete the CSA program and withdraw her funds to use for college.
The deadline to register to vote in New Mexico is October 6th, 2020! If you are planning to vote this election make sure to register before or on that date to ensure your ability to vote on November 3rd.
Once you've registered, make your plan to vote this election. Whether you request your absentee ballot to vote by mail, vote early in person, or vote on election day make your plan now!
October 27st - Mail your completed absentee ballot back to your county clerk by today OR drop it off at your county clerks office any time after that until Election Day
Looking for a way to support Prosperity Works' mission and advocacy? Donate today to further our mission in achieving economic prosperity for all. Donate directly today or host a Facebook Fundraiser and make an even bigger impact with your donation!
We challenge you to get 10 of your friends to donate $10!
Contact our CEO, Arellana Cordero at email@example.com to get started!
Our Individual Development Accounts (IDA's) were created to encourage savings, investment, and asset accumulation among hard-working families. Assets such as a home, college education, or opening a small business all enable low-income families to move into the economic mainstream and succeed.
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. Our program, 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-based loan product that assists employees in accessing a fair loan.
Understanding the harm done to individual borrowers, community economic development initiatives, and struggling to get legislation to take action to protect consumers, Prosperity Works partnered with TrueConnect to bring this alternative to high-cost storefront loans to New Mexico.
Employers across the state 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 served to address emergencies, reduce financial stress, and support workplace productivity.
Visit our website if your business is interested in TrueConnect.