Latino Economic Development Corporation
WISH LIST: $120: individual consulting for an entrepreneur closing a loan with LEDC; $500: 1 year of leadership training for a tenant; $1000: removal of security grills from the window and door of a revitalized, small business storefront
The Washington metropolitan region, among the most affluent in the country, is also home to many people of meager means and thousands of households whose primary supporter is a single, low-wage earner. Latinos are an increasing percentage of this population - approximately 500,000 live in the region - but they lag behind others in wealth creation. They need the skills, knowledge, and access to capital that will let them build a better future for their families. The Latino Economic Development Corporation works to make this happen. It offers small business development services - microloans, technical assistance, group trainings, storefront improvement, tax preparation, and business organizing - to help Latino entrepreneurs compete. Its Homeownership Counseling Program provides culturally specific, bilingual workshops, homeownership counseling, and foreclosure mediation to help families obtain and keep their most valuable financial asset - their first home. The vision here is a community in which all residents have the awareness, and access to resources, that lets them participate in and foster vibrant, livable communities. Isn't this something we all want?
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