NEW ECONOMICS FOR WOMEN
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Mission Statement
NEW’s mission is to build economic mobility, particularly for Latinas and their families, through wealth creation, housing, education, entrepreneurship, and civic engagement. Our vision is to empower generations of women and their families to thrive.
About This Cause
New Economics for Women (NEW) is a California-based nonprofit founded in 1985. NEW’s mission is to build economic mobility, particularly for Latinas and their families, through wealth creation, housing, education, entrepreneurship, and civic engagement. Our vision is to empower generations of women and their families to thrive. For over 37 years, we have sparked economic mobility in underserved communities throughout the region. We empower women who are the center of family to build and protect generational wealth. When we champion women, we transform communities. Wealth Creation: NEW’s comprehensive range of programs work to provide economic mobility services to address the systemic barriers that our clients face. We end generational cycles of poverty by offering social and economic solutions through our unique multi-generational Whole Family Transformation model. Housing: NEW’s investment in people, places, and policy has resulted in over a quarter of a billion dollars in public and private investment throughout the City of Los Angeles. NEW has produced over 1,600 affordable multifamily apartments and 110 affordable single-family homes. NEW has also created more than 100,000 square feet of commercial, community, health and public school space, including two high-performing elementary schools. Education: Recognizing the tremendous academic disparities in the low income communities we serve, NEW targets students and parents with a concentration on intergenerational learning. NEW’s myriad educational programs include digital and financial literacy, afterschool enrichment, and workforce readiness to drive academic and social success. Entrepreneurship: NEW’s Entrepreneurship Hub fosters innovation in support of micro-enterprises to small business operators. The Hub provides business development services and access to capital to advance wage equity and grow self-sufficiency for client families. Advocacy for Economic Justice: We believe that economic mobility is a fundamental right. To tackle economic disadvantages and disparities overwhelmingly experienced by women and BIPOC small business owners, NEW created NEW Community Investments (NCI) to provide capital access options like Impresario. Impresario is NCI’s crowdfunding platform for underserved women, BIPOC, and veteran-owned small businesses.