REMINDER! The Greene Room: Bankedness in Hennepin County

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Bankedness in Hennepin County
Wednesday, April 6th, 7-8PM
Bryant Lake Bowl
810 W Lake St, Minneapolis, MN

#GreeneRoom

Dear Friends,

This is a reminder that the first Greene Room, a series of issue forums hosted by my office, is coming up next Wednesday evening! These forums will reflect current policy, build on candid analysis, and encourage creative thinking.

Our first Greene Room will focus on building wealth and access to credit and banking services in financially excluded communities. Who has bank accounts and who doesn't? Do paychecks sometimes enable predatory banking? Are there alternatives to traditional bank accounts that would better serve peoples' needs?

Here's the updated list of panelists:

Tracy

Tracy Fischman

Tracy Fischman is the Executive Director at Prepare + Prosper, a nonprofit organization that facilitates financial capability and economic mobility through the provision of free tax assistance, access to financial services and products, training/T.A., and advocacy. Tracy has a long history of fostering social and economic justice, with nearly 25 years of experience in public health, HIV/AIDS, civil rights, and women’s rights. She has an extensive background in policy and advocacy, as well as organizational planning and development.

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Cassaundra Adler

Drawing from her experiences growing up in North Lawndale on the West Side of Chicago, financial consultant Cassaundra Adler founded Bank On Twin Cities, a chapter of a national organization which promotes partnerships between local public officials; city, state, and federal government agencies; financial institutions; and community organizations that work together to help improve the financial stability of unbanked and underbanked individuals and families in their communities.A former public policy fellow at the University of Minnesota’s Humphrey Institute, Adler is a passionate advocate for the unbanked.

Aaron

Aaron Sojourner

Aaron Sojourner is an economist and assistant professor at the University of Minnesota's Carlson School of Management. He studies the behavioral economics of personal-finance decisions including ways that individuals' make choices between mainstream and alternative financial-service providers and make retirement-saving decisions. He serves on the board of directors of Spring Bank, a community bank and Community Development Financial Institution headquartered in the S. Bronx, N.Y.

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John Thorson

John Thorson leads the Hennepin Workforce initiative, an assets-based approach to solving the workforce needs for both the county and other employers in a manner that both targets persistent and emerging economic disparities in our community and fosters the economic competitiveness of our region.  Prior to joining the county Thorson advocated for public workers and resilient public services for twenty years for AFSCME Councils 14 & 5, and Education Minnesota.

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Council Member John Quincy

Council member John Quincy represents the 11th Ward in south Minneapolis. Quincy serves as the Chair of the Ways and Means Committee, Vice Chair of the Claims committee, and is a member of the Community Development, Elections, and IGR committees.. He authored the City’s Responsible Banking ordinance, which requires banks doing business with the City to report how they are reinvesting back in the City.  He has also advocated for the implementation of a paycard option for paying City employees. John and his wife Anne have called Minneapolis home since 1994, and have dedicated themselves to improving the lives of others through a variety of community based organizations and experiences.


Financial exclusion refers to the unavailability of banking services to people with low or no income. Financial exclusion is a factor preventing people from escaping poverty, and it disproportionally affects communities of color. 54% of African Americans, and 47% of Hispanics are financially excluded. The negative impacts reverberate throughout the community, impacting health, housing, economic footing, education, and children’s well-being.

We have an opportunity to attack this disparity: we estimate that more than 70% of all unbanked residents of the county are clients of Hennepin County Social Services.

This is an incredibly important discussion. I hope to see you there!

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