5th Annual East Austin Economic Summit

Underwritten by Washington Mutual


East Austin Economic Summit 2007PeopleFund hosted the 5th Annual East Austin Economic Summit Saturday October 13th. The ACC Eastview Campus was bustling with small business owners, community members and non-profit and corporate representatives discussing the future of East Austin. Suzi Sosa’s presentation, The East Austin Economy, Identifying, Building & Leveraging Assets, began the day’s events, followed by more interactive workshops on a myriad of topics.

East Austin Economic Outlook: Notable Statistics

  • Education and Income levels remain lower in East Austin compared to Greater Austin as well as the State of Texas, while unemployment rates are above average.
  • Average monthly income in East Austin is $900 less than the average monthly cost of living; as housing costs and interest rates rise, East Austin will become even less affordable.
  • 45% of East Austin lives below 150% of the poverty line.
  • A lack of proper education or sufficient income, along with decreasing affordability leaves East Austin financially vulnerable; almost 1/2 of East Austin residents have very low net worth, especially in key wealth-building assets, like homes
  • Assets are important for two reasons
  • Assets are the key to building long-term financial stability
  • Assets can be leveraged to build wealth

Couldn’t make it to the Summit or all the Breakout Discussions?

Read further to find out what is being done to address the obstacles East Austin faces.

Thanks to our generous sponsors, including our Underwriter Washington Mutual ». Additional thanks to our many volunteers and breakout session note-takers.

Please don’t hesitate to email if you would like to talk about PeopleFund’s vision or programs.

Washington Mutual