How can we survive COVID-19 Economic Crisis

Hartford Headlines BC*

2015: BADPopulation: 25,000 TOTAL Income: $12,099 YEAR

2015: BAD

Population: 25,000 TOTAL
Income: $12,099 YEAR

2020: WORSE“Poor getting poorer” Hartford lowest income”

2020: WORSE

“Poor getting poorer” Hartford lowest income”

2025Someone’s Plan: “I need to win the lottery.”

2025

Someone’s Plan: “I need to win the lottery.”

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Academic Crises

Emotional Crises

Economic Crises

Health Crises

Business Crises

BACK TO THE BASICS

-Spending

-Saving

-Giving

-Investing

-Building

CONSIDER INVESTING

START SAVING

A. Buy Nike shoes - $300/pair

B. Buy Nike stock -   $88 /share 

    3 shares = less than $300

Did you pay yourself first?

•$120.00 = 10%

•$60.00 = 5%

$12.00 = 1%

START A BUSINESS

89.3% of us own computers

5% are in digital sector

Legacy Businesses:

STEM

Electronic

Digital

Mobile

Virtual

Lifestyle Businesses:

Beauty

Retail

Food

Fashion

Events

 

SUPPORT BLACK BUSINESSES

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TEACH OUR YOUTH

ONLINE COACHING SESSIONS:  •Saturday, May 23 at 2 pm and•Saturday, May 30 at 2 pmVIDEO ENTRY DEADLINE:•Wednesday, June 10 at 12 pmVIRTUAL PITCH COMPETITION: •Saturday, June 20 at 12 pm
 

2015 North Hartford

06112 + 06120      

             +  Population  23,950

              + Poverty Rate 49.35%

              + Unemployment Rate 27.44%

              + Per Capita Income $12,099

               + High School Degree $38.3%

2015-2019
North Hartford

Wealth Gap Widened

       +  Achievement Gap

       + Savings Fund Gap

       + Business Ownership Gap

      + Insurance Gap

+InvestmentGap

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May 26, 2020: New Normal/Position Yourself

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Draft Letter for Renters Grace Period