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East Austin – Your story is being told with you!

I attended the East Austin Economic Summit organized by The People Fund. They shared some pretty alarming stats on East Austin*….

The Good…

  • There are approximately 1,350 businesses in East Austin
  • 25% of East Austin residents are age 30 or younger
  • East Austin’s retail/restaurant market is valued at $138 Million

The Bad…

  • Average income for East Austin residents – $43,200 (50% less than the City’s)
  • You need to earn $40,000 to qualify for a $200,000 loan – 60% of East Austin residents would not qualify
  • Only 21% of East Austin residents have at least an associates degree

The Ugly…

  • East Austin is being left out of economic development conversations
  • Not enough residents are not being engaged in authentic ways
  • Residents are being pushed further east due to the increased housing prices and taxes

Do not be dismayed by these stats; there is hope and people are working on it (although I think we need to do more as a community). Groups like the People Fund are doing their part to increase awareness and visiblity to East Austin concerns as well as to create opportunities for residents and families in East Austin.

The only thing I would have liked to seen more (at the Summit) is engagement and attendance with East Austin residents that are being impacted by these changes. I would like to see more people like Jeff Clark. I sat next to him at the opening session and we talked about the growing disparity in East Austin and some of his struggles as a business owner and resident.

I thought I would share his message with you…

Don’t forget to tune in to our blog for 24 hours of poverty awareness!
Blog Action Day
Oct. 15
12am – 11:59pm

See you here!
Mando
Director, Hands On Central Texas

* Source: Capital Area Council of Governments

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