Black Economic Equity

For Pennsylvania to grow and succeed, every Pennsylvanian must be able to equally participate in our economy, support their families, and access safe and affordable housing.
Unfortunately, the reality today is that too many Black Pennsylvanians face significant barriers that keep them from fully accessing our financial systems and labor markets. Intergenerational inequities mean Black people are statistically less likely to be able to find a good job, live in safe communities, access banking, start a business, own a home, or access equitable health care.
Too many Black families lack generational wealth — the average net worth of a Black family is nearly 10 times less than that of a white family. Josh knows that when every Pennsylvanian can access the economy equally, all Pennsylvanians and our entire Commonwealth will do better. If the number of Black-owned businesses was proportionate to the population, the American economy would benefit from $5.9 trillion in additional revenue every year.
Josh knows that when Black Pennsylvanians do better, our entire economy grows. As Governor, Josh will lift families out of poverty, build economic opportunities and wealth, increase housing stability and homeownership, and address health inequities in Black communities.
The Philadelphia Tribune: Shapiro-Davis team tours Laborers’ training facility on Broad Street
2/16/22
During a tour of the laborers’ union training center on North Broad Street, state Attorney General Josh Shapiro, a candidate for governor, and his running mate state Rep. Austin Davis pledged to invest in similar facilities and put more emphasis on teaching union trades in public school.
2/10/22
In a visit Thursday to a collaborative working space for Pittsburgh’s Black entrepreneurs, Pennsylvania Attorney General Josh Shapiro said if he’s elected governor this year, he’ll focus on building generational wealth for people of color — and not just “a contract here, a contract there.”
3/30/18
It’s not just the city’s largest banks facing an investigation into claims of discriminatory mortgage lending policies. Pennsylvania Attorney General Josh Shapiro said Friday credit unions and online lenders will also be part of his office’s probe.
11/30/21
If it stands, an order by an Allegheny County judge will give free and clear ownership of their homes to 285 Pennsylvania families whom prosecutors claim were victims of a rent-to-own fraud.
Philly Voice: Pennsylvania AG investigating allegations of redlining in Philly
2/23/18
Redlining practices appear to still be alive and well in Philadelphia, according to a recent study.