National CAPACD Newsletter: October 2014

In this issue: 
 

On the Road with National CAPACD
 
National CAPACD recently returned to its birthplace in Seattle, WA to kick-off the first in a series of stakeholder convenings that will be held throughout the country over the course of the next year. These gatherings aim to build community, create a space for sharing new and relevant data on AAPIs, and elevate local voices and experiences to greater national attention. Held on September 11, 2014 at the Wing Luke Museum in Seattle’s International District, this first gathering brought together over 80 AAPI community leaders and allies from the Pacific Northwest, including many new friends and long-time supporters of National CAPACD.  
 
Welcoming remarks by Phyllis Campbell, Chairman of the Pacific Northwest Region at JP Morgan Chase & Co., highlighted the significant impact that Seattle-based members Seattle Chinatown International District Preservation and Development Authority (SCIDpda) and InterIm Community Development Association (ICDA) have had on local communities, as well as the company’s continued commitment to meeting the financial needs of low and moderate-income AAPIs nationwide. The half-day event also featured presentations on National CAPACD’s recently released reports, Spotlight on AAPI Poverty and Banking in Color, followed by engaging dialogue on key policy priorities for the Pacific Northwest region, as led by Asian Pacific Islander Coalition of WA and Asian Pacific American Network of Oregon (APANO), two organizations at the forefront of AAPI advocacy and civic engagement efforts.   
 
The presence of city, state and federal offices, such as US Senator Patty Murray’s office (meeting honorary co-host) and the White House Initiative on AAPIs, created an opportunity for local stakeholders to share their ideas and concerns with policymakers, and for National CAPACD to demonstrate the power of our collective efforts as a network. National CAPACD intends to build on the success of this event at future convenings, empowering our stakeholders with information and access to resources and people that can help build our national policy platform and further program development and advocacy efforts that will meet the needs of our most vulnerable constituents.
 
The next convening will be held in St. Paul, Minnesota on October 9, 2014. A briefing and reception will be begin at 5pm at Lao Thai Restaurant, 501 University Avenue West, St. Paul, MN 55103. To RSVP or for further information, please contact So Yeon Kang at soyeon@nationalcapacd.org. This gathering is made possible through the partnership of local members, Asian Economic Development Association, Hmong American Partnership and Lao Assistance Center of Minnesota, as well as through the generous sponsorship of Comcast and Asian Americans/Pacific Islanders in Philanthropy (MN Chapter).
 
 
AAPI Poverty Population Reaches 2.1 Million - AAPI Poverty Still Fastest Growing
 
Per the US Census's recently released American Community Survey (ACS) data for 2013, the AAPI poverty population increased from 2012 to 2013 by approximately 10,000 to 2.1 Million. While the growth in the AAPI poverty population has slowed since the previous year (from 2011 to 2012, the AAPI poverty population increased by over 100,000), AAPI poverty growth remains notable. From 2012 to 2013, the net increase in the general poverty population was approximately 50,000, meaning that AAPI poverty growth was a significant proportion of the net increase in the overall poverty population.
 
Measured from the start of the Recession, AAPIs continue to be the fastest growing population in poverty. Since 2007, the number of AAPIs below the federal poverty line has increased by over 660,000, or 45.9%. This is the largest percentage increase in the poverty population for any racial/ethnic category. Over the same period of time, the overall poverty population increased by 28.3%.
 
 
JPMorgan Chase & Co. Announces $1 Million Grant to National CAPACD
 
At the recent Assets Learning Conference in Washington DC, JPMorgan Chase & Co. shared the news about National CAPACD’s recently awarded $1 Million grant, as part of their broader two year, $35 Million national commitment to Financial Capability that will help people save and plan for their financial futures. The grants aim to increase access to high quality financial services and help low-to-moderate income individuals achieve financial security and maintain economic stability.
 
National CAPACD is extremely excited about our partnership with JPMorgan Chase & Co. and the work we will be doing together in the AAPI community. The grant award from JP Morgan Chase & Co. will enable National CAPACD to expand access to culturally and linguistically relevant financial education, coaching and the Lending Circles financial product to serve low- and moderate-income AAPIs. 
 
As part of this exciting initiative, JPMorgan Chase & Co. launched a new website detailing the work they are doing in the field to empower consumers and support our community efforts. To learn more, check out their Financial Capability website.  
 
 
National CAPACD Announces New Director of Policy and Civic Engagement
 
On September 30, 2014, National CAPACD announced that Seema Agnani will be joining the organization as Director of Policy and Civic Engagement starting in January 2015. Seema has played a leadership role with National CAPACD since its inception, including serving as a member of the national Board of Directors from 2002 to 2013 and as co-president from 2011 to 2013. Read National CAPACD’s announcement here and Seema’s Chhaya CDC statement here
 
 
National CAPACD Members Participate in National Voter Registration Day
 
On September 23, 2014, National CAPACD and its members participated in National Voter Registration Day, a nationwide effort to get Americans more involved in the democratic process by registering voters before Election Day this November. 
 
First started for the 2012 presidential election, National Voter Registration Day has become a 50-state holiday when thousands of organizations and volunteers organize to ensure family, friends, and neighbors are registered to vote. National CAPACD and its members were among the 317 AAPI-serving organizations across the country involved this year. 
 
In this year’s midterm elections, Americans will have a say on who wins 471 seats in Congress, 36 governorships, and the makeup of 46 state legislatures. National CAPACD and its partners were proud to have been part of this larger national civic engagement effort. 
 
National CAPACD members who participated included: Asian Americans for Equality, Asian Services in Action, Chhaya CDC, Chinese American Service League, Chinatown Community Development Center, Chinese Progressive Association, Council for Native Hawaiian Advancement, East Bay Asian Local Development Corporation, Korean American Resource & Cultural Center, Korean Resource Center, and Little Tokyo Service Center. 
 
 
National CAPACD Co-hosting the People & Places Community Conference
 
National CAPACD is proud to announce the People & Places Community Conference March 4-6, 2015 in Washington, DC. National CAPACD is partnering with the National Alliance of Community Economic Development Associations (NACEDA), National Association for Latino Community Asset Builders (NALCAB), and the National Urban League to bring together people working to advance prosperity in low-income and moderate-communities. Practitioners will showcase what is working in communities around the country, strengthen their skills, inspire each other, and raise their voices on behalf of the communities they serve. Don’t miss this defining event for the community development field. Learn more here.