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Equipping Latinos And Other DC And Baltimore Metro Area Residents With Skills And Financial Tools To Create A Better Future For Their Families And Communities


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LEDC in the News

LEDC in the News (16)



Dear Friends,

Yesterday, Attorney General Jeff Sessions announced the president's decision to repeal DACA-the Deferred Action for Childhood Arrivals program. This announcement puts roughly 800,000 young adults at risk of deportation---individuals who were brought to the United States by their parents and without a "say."

Because this decision stands to impact members of the community that the Latino Economic Development Center-LEDC was built to serve; we wanted to share some facts about the impact this decision could have on our country. While LEDC holds paramount the moral imperative behind opposing this decision; there are also economic considerations that bear no political charge and that are worth noting.

  • The median age of DACA recipients is 22. DACA recipients pay taxes out of their paychecks to their local, state, and federal governments and are in the prime of their working lives. According to a study by FWD.us, 91% of DACA recipients are employed. All have passed criminal background checks.
  • According to the CATO Institute, repealing DACA and deporting DACA recipients would result in a potential $60 billion loss in tax revenue to the federal government.
  • Discontinuing DACA is forecasted to produce a $280 billion hit to economic growth over 10 years.
  • The economic impact would be felt unevenly across the country based on the concentration of DACA participants living in different states. For example, California, with 188,000 DACA workers would suffer a GDP loss of $11.3 billion per year, Texas would lose $6.1 billion in GDP annually and North Carolina would lose $1.9 billion a year.
  • LEDC's regional areas of focus would lose the following in annual GDP:
    • District of Columbia $43 million
    • Maryland $480 million
    • Virginia $676 million

Regardless of where one might stand on immigration issues, this data should not be eliminated from discussions around the role that immigrants play in today's economy.

LEDC stands firmly in our belief that our nation should be one that welcomes diversity and provides refuge to people who are suffering from political, social, and economic injustice in their countries of origin. The clients we support represent all walks of life. Some were born here, others were not. All share the desire to make their dreams a reality. We partner with them to build assets, invest in their communities, and contribute financially to the economy. While the moral imperative to welcome immigrants is not shared by all, the economic arguments point definitively to the positive contributions that immigrants make to our country.



Monday, 28 August 2017 12:16

LEDC & EWI: A Strategic Alliance

Written by

LEDC & EWI: A Strategic Alliance 

We're excited to announce that long-time partners Latino Economic Development Center (LEDC) and Empowered Women International (EWI) are merging. With complementary target populations, programs, and services, LEDC and EWI have identified an opportunity to build upon respective successes by joining forces to serve more clients with a broader range of programs and support.Following the merger, EWI will become a program under the LEDC umbrella, maintaining its name and high caliber of client service.

Since 1991, LEDC has offered small business development, microlending, homeownership, and affordable housing preservation programs for low to moderate income Latinos and other underserved communities in the Washington, DC metropolitan area. Since 2002, EWI has provided entrepreneurial training, mentoring, and ongoing coaching in the Washington DC area, helping immigrant, refugee and socially and economically challenged women turn their creative or cultural assets, artistic abilities, and skills into successful businesses.

What are the benefits of the merger?

The primary beneficiaries of the merger are the clients that EWI and LEDC serve. They will gain a wider array of services and resources as they work to launch or grow small businesses in the communities we support.

When announcing the merger at EWI's 15th Anniversary celebration last month, LEDC Executive Director Marla Bilonick shared how LEDC's mission of helping individuals build and preserve assets is key to building family wealth and economic stability. EWI's Executive Director, Sarah Bodley added that by combining EWI's entrepreneurial training with LEDC's program pillars, we will have a powerhouse of services to offer residents across the DMV area.

LEDC will gain EWI's unique program that is a woman-focused suite of rooted in entrepreneurial training called Entrepreneur Pathways for Women.  The development of business skills amongst a cohort of women also builds support networks that strengthen the community.  Existing EWI workshops and classes will augment LEDC's current entrepreneurial coaching, training, and lending offerings.

EWI's present clients will be able to seamlessly access LEDC's bilingual one-on-one business coaching and micro-loan financing of up to $50,000 for their business ventures.  As well, EWI will be able to provide their intensive and multi-session training services to LEDC's present customers.

Through this merger, entrepreneurs in the DC Metro region will have access to LEDC and EWI services via physical locations in Washington, D.C.; Montgomery County, Baltimore City, Fairfax County, and Arlington County. By combining forces our physical footprint and community reach expands significantly.

When will the merger happen? 

We are proceeding with the legal and organizational restructuring necessary to effectuate the merger by September 30th, 2017.  During the time leading up to the merger, LEDC and EWI will continue normal programs and services without interruption. We look forward to continuing to deliver even more value to our clients following the merger.

If you have any additional questions or concerns, or for more information, please contact:

Marla Bilonick

Executive Director of LEDC
641 S St. NW, Washington DC 20001

202.588.5102, mbilonick@ledcmetro.org

Sarah Bodley

Executive Director of EWI

320 S. Henry St, Alexandria VA 22314

571.312.4781, sarah@ewint.org

Friday, 28 October 2016 10:33

LEDC's Visionaries Program Screening

Written by
The Latino Economic Development Center (LEDC) will be profiled in the upcoming season of Visionaries, the award-winning public television series, hosted by acclaimed actor Sam Waterston of HBO's The Newsroom and formerly of Law & Order. Visionaries will begin airing on PBS stations across the country in the fall of 2016.


Selected from hundreds of nonprofits nationwide LEDC is a leading organization driving economic and social advancement of low to moderate-income Latinos and other underserved communities in the D.C. and Baltimore Metropolitan Areas. The program featuring LEDC highlights examples of economic survival and sustainability in the communities LEDC serves as well as for the organization itself. "We at LEDC were so excited to partner with the Visionaries team on producing this important depiction of our work. Sustainability is a challenge for our neighborhoods and for our organization and this piece demonstrates that in a poignant way across all of our programs and markets," said LEDC Executive Director, Marla Bilonick.


LEDC will be screening the Visionaries program that features their organization on Wednesday, November 9th at the WeWork Wonderbread Factory/LEDC Offices at 641 S Street NW Washington, DC 20001.


The screening is part of LEDC's 3-part celebration of their 25th Anniversary and will include a panel made up of individuals who helped shape the organization.


Light appetizers by WAPA CAFE BOUTIQUE and beverages will be provided.
 
Friday, 21 October 2016 14:46

Rob Wohl, at the Preservation Panel

Written by
Our Tenant Organizer, Rob Wohl, at the Preservation Panel
Friday, 21 October 2016 14:40

#LineaDirecta #SaludFinanciera

Written by

Nuestra Directora de Vivienda, Walda Yon, en la grabación del programa de#LineaDirecta


Friday, 21 October 2016 13:42

Baltimore's Minority and Women-Owned Business Award

Written by

We are so honored to have received Mayor Stephanie Rawlings-Blake's Minority and Women-Owned Business Award last night!

Thank you so much!!!

#Baltimore #MD #SmallBiz



Friday, 21 October 2016 12:42

LEDC's 25th Anniversary Happy Hour

Written by

LEDC's 25th Anniversary & #HispanicHeritageMonth Celebration.









Washington, D.C.-October 18th, 2016- The Latino Economic Development Center (LEDC) will be profiled in the upcoming season of Visionaries, the award-winning public television series, hosted by acclaimed actor Sam Waterston of HBO's The Newsroom and formerly of Law & Order. Visionaries will begin airing on PBS stations across the country in the fall of 2016.

Visionaries returns with six-half hour episodes that take the viewer around the world to experience the lives of extraordinary people tackling some of the humanity's toughest challenges. These are timely stories that address issues from today's newspaper headlines: immigration, mental health, income disparity, global sustainability and social innovation. Sam Waterston guides us on social change initiatives that lead to real solutions with proven outcomes, many of which have the potential to change the world.

Selected from hundreds of nonprofits nationwide LEDC is a leading organization driving economic and social advancement of low to moderate income Latinos and other underserved communities in the D.C. and Baltimore Metropolitan Areas.The program featuring LEDC highlights examples of economic survival and sustainability in the communities LEDC serves as well as for the organization itself. "We at LEDC were so excited to partner with the Visionaries team on producing this important depiction of our work. Sustainability is a challenge for our neighborhoods and for our organization and this piece demonstrates that in a poignant way across all of our programs and markets," said LEDC Executive Director, Marla Bilonick.

LEDC will be screening the Visionaries program that features their organization on Wednesday, November 9th at the WeWork Wonderbread Factory/LEDC Offices at 641 S Street NW Washington, DC 20001.The screening is part of LEDC's 3-part celebration of their 25th Anniversary and will include a panel made up of individuals who helped shape the organization.

"I can't remember a season when Visionaries had the opportunity to meet so many incredible people. I think public television viewers are going to be inspired and moved to action," said Bill Mosher, Founder and Director of Visionaries.

###

About Visionaries:

Visionaries is a documentary series, hosted by acclaimed actor Sam Waterston, that highlights the rarely told stories of individuals and nonprofit organizations that are working to create positive social change throughout the world. Visionaries is the winner of several Telly Awards and received an Emmy nomination for Best Documentary. Visionaries has produced over 200 documentaries for its nationally broadcast public television series, which is currently airing its 21th season is presented by WGBY in Springfield, MA. For more information, please visit www.visionaries.org.

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