Issues

Ward 7 stands at the cusp of dynamic transformation. However, to ensure that the winds of change bring prosperity to all, we must redefine our approach to economic development. This strategy is not about the grandeur of skyscrapers and shopping malls but about making sure all residents of Ward 7 have quick and reliable access to necessities like grocery stores. We must create a foundation where every individual – especially women, people of color, and historically marginalized communities – can become architects of their own American Dream right here in Ward 7.

VEDA’S PLAN

1. Promoting Livable Wages: Every job in Ward 7 should not only pay the bills but also lay the foundation for a prosperous future:

• Minimum Wage Policy: Advocate for a minimum wage that reflects the true cost of living, ensuring that no family lives paycheck to paycheck.

• Employer Incentives: Offer tax breaks and incentives for businesses that commit to paying their employees a livable wage.

2. Building the American Dream in Ward 7: To ensure that residents can build their future in Ward 7, we must:

• Affordable Housing: Ensure that developments reserve a significant portion of units for affordable housing. This allows residents to stay in their community while benefiting from its growth.

• Homeownership Programs: Offer programs that educate residents about homeownership and provide accessible loan options, making the dream of owning a home a reality.

3. Generational Wealth Creation East of the River: Wealth isn't just about immediate affluence; it's about ensuring prosperity for future generations:

• Financial Literacy Programs: Initiate community programs that teach residents about savings, investments, and wealth management.

• Support for Local Businesses: Encourage residents to support local businesses. A thriving local economy results in job creation and wealth retention within the community.

• Legacy Programs: Workshops and resources that help residents understand and manage assets, ensuring they can pass down generational wealth.

4. Infrastructure & Connectivity: For people and businesses to thrive in the digital age, they need a solid foundation:

• Public Transportation: Improve transportation links to make Ward 7 easily accessible, encouraging both business growth and employment.

• Digital Infrastructure: High-speed internet is essential. Invest in fast, reliable connectivity and cell signals in all four corners of Ward 7.

5. Tailored Training & Skill Development: Not all jobs require a college degree, but all jobs require a skill:

• Trade Schools & Workshops: Collaborate with businesses to understand the skills they need, then offer training programs tailored to those needs.

• Community College Partnerships: Work with local community colleges to ensure courses align with the job market, making graduates instantly employable.

6. Encouraging Entrepreneurship for All: Entrepreneurship has historically been the engine of economic growth. However, the challenges are disproportionate for women, people of color, and marginalized communities:

• Dedicated Entrepreneurship Programs: Launch initiatives targeting women, people of color, and other overlooked communities. These programs should provide skill training, mentorship, and access to resources.

• Accessible Funding: Collaborate with local banks to create accessible loan programs for budding entrepreneurs, ensuring that capital isn't an obstacle.

• Business Incubators and Hubs: Develop spaces where entrepreneurs can collaborate, access resources, and receive mentoring.