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In 2015, the Federal Reserve Bank of Massachusetts found that the average net worth of Black households in Boston was $8.00. The average net worth of white households was $247,500.$8 for Black households, $247,500 for white households.This disparity was enough to make Nicole Obi spring into action in a new way and commit to a career in nonprofit. Nicole is the president of BECMA, which stands for Black Economic Council of Massachusetts, and it's focused on policy and advocacy around elements and efforts that need to be made to advance the wellbeing of Blacks in Massachusetts.In this episode, Nicole helps Elias understand why these disparities exist, what needs to be done to close the racial wealth gap, and how a background in urban planning helps her to lead BECMA today.Be sure to hit the subscribe button to get new episodes when they drop every other Tuesday.In the meantime, be sure to leave a ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ review and share the pod with your friends. You can connect with Elias on Twitter at @eliast and @DriftPodcasts, and Nicole on LinkedIn.For more learnings from Elias, check out his quarterly newsletter, The American Dream. You can subscribe at https://www.drift.com/insider/learn/newsletters/american-dream/

Senior business leader with extensive experience in strategy, innovation and in leveraging digital technologies to innovate and transform engagement with consumers. Demonstrated success at leading enterprise-wide solutions that address data, technical and business process issues which impede the delivery of valued products and highly satisfying interactions. Strong track record of determining actual customer journeys as well as designing and implementing, in a highly collaborative manner, the vision and roadmap needed to attract, satisfy and retain desired customers.

Nicole Obi

President & CEO, BECMA, Inc

President of the Black Economic Council of Massachusetts, Nicole Obi, explains the work that needs to be done to close the racial wealth gap in Massachusetts.


Understanding the Racial Wealth Gap (With BECMA's Nicole Obi)

Understanding the Racial Wealth Gap with BECMA's Nicole Obi

In 2015, the Federal Reserve Bank of Massachusetts found that the average net worth of Black households in Boston was $8.00. The average net worth of white households was $247,500. $8 for Black households, $247,500 for white households. This disparity was enough to make Nicole Obi spring into action and commit to a career in nonprofit. Nicole is the president of BECMA, which stands for Black Economic Council of Massachusetts, and it's focused on policy and advocacy around elements and efforts that need to be made to advance the wellbeing of Blacks in Massachusetts. In this episode, Nicole helps Elias understand why these disparities exist, what needs to be done to close the racial wealth gap, and how a background in urban planning helps her to lead BECMA today.


Get the American Dream Newsletter

Did you know that only 1% of startups that have achieved unicorn status are led by Latin American founders? Drift's co-founder and CTO, Elias Torres, is on a mission to change that. Every other Tuesday, he has honest, inspiring, and authentic conversations with underrepresented leaders in tech. Hear from people who have achieved their own version of the American Dream, as well as those who are creating a more equitable future for the next generation.