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Building Wealth Through Community with Lacy Watson
Manage episode 484064619 series 3484777
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Join us in our BLAC Alternatives Series with our first special guest Lacy Watson. Lacy Watson's initiation into the realm of financial literacy and community currencies stemmed from his early exposure to financial intricacies in the black community. His first job instilled in him the significance of saving and forward-thinking financial planning. As he advanced in his education, the pivotal role of financial literacy in shaping one's economic journey became increasingly apparent. His insights into community currencies and the historical impact of institutions like the Freedmen's Bank reflect a keen awareness of the economic hurdles encountered by minority communities. These experiences have propelled Lacy into a dedicated advocacy role, striving to augment financial empowerment and community engagement.
In this episode, you will be able to:
- Explore innovative alternative economies that address specific community needs.
- Master financial literacy strategies tailored to underserved communities for sustainable empowerment.
- Uncover the profound impact of community currencies on local economies and social dynamics.
- Develop effective methods for building credit to achieve financial empowerment and stability.
- Understand the history and significance of Social Security numbers in shaping financial systems and policies.
Meet Lacy Watson
Lacy Watson is a lifelong advocate for financial empowerment in underserved communities. Based in Bluefield, West Virginia, he is a graduate student at Virginia Tech, researching the intersections of economic security, national security, and community development. Mr. Watson has twice run for Congress in West Virginia’s 1st District and currently trades currency futures and crypto —bringing deep, real-world experience in risk management and market dynamics. As founder of a grassroots financial literacy initiative, his work revolves around the design and development of workshops on credit‐building, small-dollar lending, and cybersecurity for low-to-moderate-income audiences across Appalachia. In collaboration with local CDFIs and community organizations, Lacy is developing innovative programs—such as “Green Loan” funds for home weatherization and micro-grants for entrepreneurs—that prioritize people over profits. He holds a B.S. in Biology and an M.A. in Psychology, and his passion is equipping communities with the tools to thrive outside the constraints of traditional capitalism.
Connect with Lacy Watson
The mission of the Black Appalachian Coalition (BLAC) is to build a multi-state campaign that amplifies black voices, dismantles the colonized narrative of Appalachia, and uses story-based strategies and solutions that center the voices and lived experiences of Black Appalachians.
For more stories and information about The Black Appalachian Coalition please visit www.blackappalachiancoalition.org.
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