This report represents the culmination of more than two years of work to build a coalition of organizations supporting expansion of economic opportunity in North Carolina.
Following the 2005 N.C. Statewide Financial Education and Asset Building Conference, EITC Carolinas at MDC, Inc., the IDA and Asset Building Collaborative of N.C., and other partners met to discuss the creation of a coalition to focus on asset-building policy.
The N.C. Assets Alliance, formed in 2006, set forth a vision for North Carolina to build a prosperity grid that could create good jobs, provide opportunities to create and build savings and protect assets.
In achieve this vision, the Alliance shares information about emerging practice, research and policy opportunities, develops and promotes a state asset policy agenda and educates policymakers and decision makers about issues affecting low- and moderate-income households in the state.
In this report, the Alliance recommends that policymakers:
- Strengthen connections to work and income. Providing a living income standard, benefits and work supports makes it possible for households to set aside money to save and build assets.
- Generate savings and assets. Saving, investing and building assets over time are facilitated by government, supported by private institutions—financial institutions and employers—and engage all North Carolinians.
- Protect prosperity. Protecting accumulated savings and assets ensures connections to prosperity can continue to flourish.