The Coleture of Feedforward: Launching an Economic Development Intensive for Black Youth
Promoting economic development and empowerment amongst marginalized communities is essential for creating a more inclusive and equitable society. Recognizing the unique challenges faced by Black youth, as well as their potential in shaping their communities,
The Coleture Real Estate Brokerage is curating a summer intensive that is slated to begin in the summer of 2025. The Coleture of Feedforward is being launched specifically to address the wealth gap that seems to be increasingly widening. (There are less black homeowners than there were when the Civil Rights Laws were enacted. To that point, homeowners are 45.5 times more wealthy than renters.) The program will focus on financial/credit literacy and wealth-building strategies via real estate– specifically introducing Commercial Real Estate investments.
Nurturing Entrepreneurial Skills
The Coleture of Feedforward program places a strong emphasis on cultivating entrepreneurial skills among the young participants, affectionately referred to as The Coleture Kids. Through tailored workshops, mentoring, and practical activities, the initiative equips youth with the knowledge and tools necessary to develop innovative business ideas and navigate the entrepreneurial landscape. Many of these tools will also benefit youth entering into the workforce. By fostering an entrepreneurial mindset, the program encourages the youth to overcome barriers, to create economic opportunities for themselves, and to proactively contribute to the growth of their respective communities. Ultimately, it encourages these children to be self-starters and more self-sufficient.
Strengthening Financial Literacy
In addition to an entrepreneurial mindset, a crucial aspect of economic development is being able to truly understand financials and credit. Participants will learn about personal finance– managing money and making informed financial planning and decisions. They will also be introduced to the basics of credit, so they can have working knowledge of how and when to use it.
A construct often challenging for adults, focusing on financial and credit literacy will enable The Coleture Kids to make wise economic decisions, break cycles of poverty, build generational wealth and contribute to overall community prosperity.
Encouraging Community Investment
The Coleture of Feedforward program emphasizes the importance of community investment, engagement and social responsibility. Participants are encouraged to identify and address local challenges through community projects and initiatives. As a unit, we will select one project to commence during our session. By working together to tackle issues the participants often face, The Coleture Kids will develop a sense of ownership and pride in their communities. This fosters a spirit of civic responsibility and promotes the idea that economic development goes hand-in-hand with community development.
Networking and Mentorship Opportunities
A final component to the intensive is the acknowledgement that networking and mentorship play vital roles in success. Taking it a step further, being able to network and be sponsored by people who look like you and can understand the nuances of your experiences can be life-altering for The Coleture Kids. The Coleture of Feedforward will facilitate networking and mentoring opportunities by connecting participants with experienced professionals and entrepreneurs of color. These connections will enable participants to build valuable relationships, gain insights, and access resources that contribute to their long-term economic growth and success.
The Coleture of Feedforward is a Crucial Step in Economic Growth
All in all, the launch of a summer economic development program specifically tailored for Black youth represents a crucial step towards empowering and uplifting this demographic. By equipping participants with entrepreneurial skills, financial literacy, diverse role models, community investment opportunities, and meaningful mentorship connections, this program lays the foundation for Black youth to thrive economically and create lasting change. As The Coleture Kids embark on their journeys, armed with knowledge, support, and resources, including a brand-new computer, they will have the potential to drive economic development, break down barriers, share their knowledge with others, and inspire future generations of Black entrepreneurs and leaders.
More information and details about the program will be available in the coming months.
Finally, it is important to note that a portion of all real estate sales proceeds will go towards The Coleture of Feedforward Summer Intensive. We are also seeking partnerships with the program. If you have direct knowledge of anyone who can benefit from this program or you would like to be involved with this project, please send us an email at info@tcreb.com. Thank you.
