AUSTIN, Texas–(BUSINESS WIRE)–Today, days after President Joe Biden declared Texas a state of emergency, OHUB, 100 Black Angels & Allies Fund, HR&A Advisors, Capital Factory, The City of Austin, Huston-Tillotson University, NexGenT and DivInc announce a collaboration to launch an “OHUB x Austin Equity District” as an intentional plan to accelerate racial equity in the city’s thriving technology hub to spur local economic recovery.
Equity District
An Equity District is an institutional ecosystem-development framework for operating a diverse, equitable and inclusive technology, startup and venture community that intentionally ensures socially disadvantaged communities in a city (particularly Black, Latinx and Indigenous) are equitably included at all levels in the future of work, fourth industrial revolution and beyond—as a path to shared prosperity and multi-generational wealth creation with no reliance on pre-existing multi-generational wealth.
The “Equity District” concept leverages OHUB’s 8 year operating history in Atlanta and Kansas City, was codified in OHUB’s work with The Federal Reserve Bank on “Building Inclusive Entrepreneurship Ecosystems in Communities of Color” and signaled last summer in a playbook of national recommendations to big tech, startup communities and policymakers from The Brookings Institution on “Building Racial Equity in Tech Ecosystems To Spur Local Recovery.”
Silicon Valley’s Representative in The…
