Hispanic/Latino Quality of Life Resource Advisory Commission - Sept. 27, 2022

Hispanic/Latino Quality of Life Resource Advisory Commission Regular Meeting of the Hispanic Latino Quality of Life Resource Advisory Commission - Hybrid meeting

Agenda original pdf

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REGULAR MEETING OF THE HISPANIC/LATINO QUALITY OF LIFE RESOURCE ADVISORY COMMISSION TUESDAY, SEPTEMBER 27, 2022 AT 5:30 PM AUSTIN CITY HALL – BOARDS AND COMMISSIONS ROOM 1101 301 W 2ND St, AUSTIN, TX 78701 Some members of the Commission may be participating by videoconference Public comment will be allowed in-person or remotely by telephone. Speakers may only register to speak on an item once either in-person or remotely and will be allowed up to three minutes to provide their comments. Registration no later than noon the day before the meeting is required for remote participation by telephone. To register to speak remotely: Call or email the board liaison at Amanda.Jasso@austintexas.gov or 512-974-9107. The information required is the speaker name, item number(s) they wish to speak on if applicable, email address and telephone number (must be the same number that will be used to call into the meeting). CURRENT BOARD MEMBERS: Amanda Afifi, District 2, Chair Sharon Vigil, District 7, Vice-Chair Ricardo Garay, District 3 Jesus Perales, District 8 Daniela Silva, District 1 Dulce Castañeda, District 10 Maria C. Solis, District 5 Felicia Peña, Mayor Sandy Ramirez, District 6 Ivanna Neri, District 4 Vacant – District 9 AGENDA CALL TO ORDER PUBLIC COMMUNICATION: GENERAL Each speaker will have three minutes to address their concerns regarding items not posted on the agenda. Speakers wishing to address an agenda item will have the chance to do so when the agenda item is called. APPROVAL OF MEETING MINUTES 1. Approve the minutes of the Hispanic/Latino Quality of Life Commission regular meeting held on August 23, 2022. DISCUSSION AND ACTION ITEMS 2. Presentation from JUST, a nonprofit CDFI that has made over 6,000 business loans totally more than $12 million to Hispanic female entrepreneurs. Discussion and possible action regarding business loans and reimagined access to opportunity and financial stability. Presented by Steve Wanta, cofounder and CEO. 3. Presentation about Austin Community College District general obligation bond and discussion and possible action related to Central Texas workforce training and development. Presented by Nora Comstock. 4. Discussion and possible action related to Tesla Gigafactory Texas response to Commissioners’ questions that were posed as follow-up to Tesla presentation given on July 26. WORKING GROUP UPDATES, DISCUSSION, AND ACTION ITEMS 5. Health Work Group (Commissioner Garay) – related to COVID-19, monkeypox, and other critical public health issues, such as environmental health issues. 6. Representatives to Joint Inclusion Committee (Chair …

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Item 2. JUST presentation original pdf

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A just Texas. “What starts here, changes the world.” 2 TRUST 3 3 JETA JETAs (JUST Entrepreneur Trust Agent) are ambitious women excluded from economic opportunity that want to grow their business and support their peers to do the same. 4 4 Partnership to reach 10,000s of ambitious Texas Women [JUST] changed my life, it was a before and after. 5 From Financial Health to Financial Wealth JUST co-designs products with our community that leverage peer support. Our products lead to transformational wealth building opportunities. Personal Loan Credit & Habit Building Leveraging peer support, JUST is able to offer emergency loans at low cost with high repayments This product reports to the credit bureaus and allows people to build new money habits Small Business Lending Asset Ownership JUST is creating transformational wealth building opportunities Consumer Lending Circles Reimagined JETA-Led Growth Program JETAs are the most effective community change agents Entrepreneurs with the ability and desire gain access to more capital and business support services Transactional 6 Transformational 6 h t l a e W y t i l i b a t S Who We Serve Monthly household income under $2,000 Monthly household income under $3,000 36% 66% 42% Single mothers 97% 7 Do not receive support from any other organization The Results $12M in business loans without ever checking credit repayment rate of loans including the pandemic 99% 96 Net Promoter Score, the highest recorded in the world by 60 Decibels 6,000+ Loans made to Hispanic women in Central Texas 8 71% JUST clients experienced lasting and significant transformation because of JUST 9 of JUST loan operations are former clients Team 100% 88% of JUST staff are women of JUST staff are Hispanic 82% 60% 10 of JUST Board are women Expand Austin Reach 3,000 Hispanic female entrepreneurs in Central Texas rebuilding trust 11 Mobility is created through wealth, not income. 12 12 The Future of Wealth $15M $20M $10 - $100 13 13

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