In 2023, our alliance began a rebranding initiative and transformed into Rise Economy. We refocused our mission to focus on advocating for policies and practices that promote economic and racial justice, and work toward dismantling the root causes of inequality, redlining, and systemic racial injustices. Through strategic advocacy, community organizing, and collaborative partnerships that year, we made remarkable progress in breaking down systemic barriers that prevent BIPOC communities from building wealth.

In this digital impact report, you will see that we have made significant commitments to driving meaningful change and exploring alternative pathways to economic equity. From negotiating more than $10 billion in Community Benefit Agreements with major banks to sponsoring legislation that holds powerful actors to account, our advocacy efforts are helping lay the groundwork for a more equitable financial landscape. And our initiatives like our Economic Wellness Promotores program — now in year three — further demonstrate our commitment to empowering, reinvesting in and rebuilding communities.

Looking ahead, we remain dedicated in our vision of combating systemic racial and economic injustices. By continuing to advocate for progressive policies, forge strategic partnerships, and connect communities, we are poised to meet our mission of creating a more equitable future for all Californians.

We hope you enjoy our 2023 Impact Report.