Policy for the People Emerging Leaders Summit Series Program Book

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EMERGING LEADERS' SUMMIT

THURSDAY, JUNE 24, 2021

10-11 AM ET 2-3 PM ET

The Congressional Black Caucus Foundation, Inc. Presents
Student
Mission-Driven
&
Loan Debt: A Barrier to Building Black Wealth | 10-11 AM ET
Entrepreneurship in the 21st Century | 2-3 PM ET SESSION 1 SESSION 2

Joinusforthefirst-ever EmergingLeaders’Summit.

This summit aims to create space for the next generation of leaders to cultivate innovative ideas, embrace their political voice, and create a new trajectory for the Black community.

AskQuestions. EmpowerOthers. Engage.

3 5 7 9 President's Message Student Loan Debt: A Barrier to Building Black Wealth Mission-Driven Entrepreneurship in the 21st Century Acknowledgments CONTENTS

Welcome "Policy for the People" Summit Series

Welcome to our “Policy for the People” Emerging Leaders’ Summit, proudly hosted by the Congressional Black Caucus Foundation, Inc. (CBCF).

As you may know, we launched the “Policy for the People” series as a forum to provide policy updates and insights on critical issues affecting the Black community. It is from this foundation that we present our first-ever Emerging Leaders’ Summit featuring Millennial and Generation Z leaders to examine two issues affecting Black economic empowerment: Student Loan Debt: A Barrier to Building Black Wealth and Mission-Driven Entrepreneurship in the 21st Century

The Emerging Leaders’ Summit will explore these issues that affect building Black wealth through the lived experiences of Millennials and Generation Z leaders Over two sessions, these leaders will share their views on student debt and examine the unique challenges and opportunities of entrepreneurship Our dynamic and thoughtful panel and you our audience members will grapple with these issues that can either hinder or boost our efforts toward shrinking the racial wealth gap and empowering our community.

Thank you very much for participating. I trust that today’s Emerging Leaders’ Summit will both inform and inspire you as we explore these two issues that affect the economic empowerment and Black wealth building ability of Black Millennials and Generation Z and the entire Black community now and in the future.

Sincerely,

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StudentLoanDebt:ABarrier toBuildingBlackWealth

Thursday,June24,2021|10–11AMET

Already working to overcome an insufficient minimum wage and the rising costs of living during a global pandemic, many Black Millennials and Gen Zers also facing crippling student loan debt that is severely hindering the ability to create generational wealth. Nearly 86.8% of Black students have taken federal student loans to attend four-year public colleges compared to 59.9% of white students. The high percentage of borrowers has resulted in high rates of loan defaults for Black students, defaulting at a rate of five times more than white graduates do. The debt Black students generate pursuing a college degree often creates many risks and little reward as Black students annually earn $7,000 less than white graduates, shared in a study by the Economic Policy Institute. The long-term effects of student loan debt have blocked many Black people from being able to fully participate and contribute to our economy. This panel of finance and policy experts will discuss how to build wealth while tacking student loan debt and what loan forgiveness looks like for the Black community.

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Mission-DrivenEntrepreneurship inthe21stCentury

Thursday,June24,2021|2–3PMET

following his passion for equality and democracy to the White House.

Each of these leaders found the perseverance, strength and unwavering dedication to remain focused on their values. This session will gather leaders across various industries to explore how they use passion to fuel their work, create success outside of cultural norms and prioritize a vision and unique mission to create and sustain unconventional careers. Participants will hear from leaders who developed an outside-the-box path, creating opportunities for themselves and others.

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Thankyouforjoiningusforthe CongressionalBlackCaucus Foundation’sCenterforPolicy AnalysisandResearchVirtual SummitSeries.

TO OUR SPONSORS ThankYou

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Board of Directors

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Corporate Advisory Council

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ANNUAL LEGISLATIVE CONFERENCE 2021VIRTUAL CongressionalBlackCaucusFoundation,Inc.

SAVE THE DATE

SUNDAY SEPTEMBER12,2021 –FRIDAY SEPTEMBER17,2021

EMERGING LEADERS' SUMMIT

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