LEARNING AREA: Economic Development, Racial Equity
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Evaluating Empowerment Economics: A Preliminary Framework for Assessing Innovations in Financial Capability


Jessica Santos & Meg Lovejoy; Institute on Assets and Social Policy in Partnership with National CAPACD & Hawaiian Community Assets




Empowerment Economics is a multi-generational and culturally responsive approach to financial capability developed by and for low-income AAPIs and other communities of color. This preliminary evaluation framework makes visible the innovative approaches and potential outcomes associated with Empowerment Economics. IASP developed this framework with National CAPACD and HCA through a review of the current research on financial capability evaluation. The framework explores the program and evaluation practices of thirteen regionally diverse AAPI-led community based organizations and presents other metrics that build from dialogue with National CAPACD staff and advisors.