Songs and private finance commonly really don’t go alongside one another. To be sure, they are kind of a funky combine.
However, the North Miami’s Neighborhood Redevelopment Agency made the decision to team with Funk Fest Songs Tour, showcasing Miami rapper Rick Ross and Mary J. Blige who will execute here this weekend at Funk Fest, to provide Miami people with a no cost group discussion board Wednesday to aid them increase their economic health.
The fifty percent-working day Monetary Literacy Summit will attribute panel discussions on making generational wealth and girls in genuine estate.
Selection Enjoyment CEO and Funk Fest Audio Tour founder Leo Burnett assume it’s significant to capitalize on the notice the event has acquired, due to headliners this sort of as Blige and Ross, by incorporating an instructional discussion board that can contribute to closing the wealth gap amongst white and Black residents in Miami.
“I had a vision of making an attempt to create other academic activities all over leisure,” Burnett explained. “We want to master to improve in other elements. Enjoyment is fantastic, but we also have to have to do anything with the local community that can advantage absolutely everyone that wants to go to.”
Florida indigenous Dr. Natasha Hampton is the govt producer of the fiscal party. Citing a 2019 Miami Herald report about Miami-Dade County’s wealth hole that confirmed the median internet well worth of Black homes to be $3,700 in comparison to $107,000 for white homes, she mentioned it’s vital to exhibit Black people how to establish generational wealth.
“That’s an extraordinary disparity,” she said, chatting additional about the figures in the posting. “It’s probably that the important Black ethnic groups are Haitian American and African American in Miami-Dade. We have some perform to do. We surely understand the need for greater employment, but which is just the start out, not the conclusion-all. … You don’t have to be a six determine earner to make prosperity.”
Burnett thinks big activities like this weekend’s Funk Fest present a unique possibility to get information to inhabitants that can considerably profit from it. Honored at the economic literacy summit at Miami-Dade County Good & Expo Heart for their neighborhood accomplishments will be OneUnited Financial institution CEO Teri Williams, Miami entertainment mogul Luther “Uncle Luke” Campbell and Ross, the Miami rapper and entrepreneur, and county Mayor Daniella Levine Cava.
“Let’s modify the frame of mind on what generational prosperity is,” Burnett mentioned. “It does not have to be the property you move down from a few generations.”
The financial literary discussion board will be held from 8 a.m. till 12:30 p.m. at 1600 NE 126th St. in North Miami. While the Funk Fest site shows the discussion board is bought out, organizers said no person who exhibits up will be turned absent.
This story was at first printed December 27, 2022 4:10 PM.