Empowering
Fiscal
Justice
We are a public finance research firm dedicated to influencing municipal budgets, policies, and leaders for the betterment of Black communities.
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Newark, New Jersey Fiscal Justice Analysis
Introduction This report outlines the fiscal justice analysis—which is our intersectional approach to fiscal health and racial justice —for Newark, New Jersey. New Jersey’s state and local government credit ratings serve as a core component of the...
Wharton study quantifies impact of Fiscal Justice indicators
Since 2015, Activest has been a leading voice in acknowledging the materiality of Fiscal Justice in municipal finance. Fiscal justice is Activest’s multilayered, critical analysis of the equity of municipal budgets—measured at the intersection of fiscal health and...
Agent of Impact: Napoleon Wallace, Southern Reconstruction Fund: Restorative capital for Black wealth
nNapoleon Wallace’s presence was all over the recent Mission Investors Exchange conference in Baltimore. …As the co-founder of Activest, which showcased its “fiscal justice” strategy to center racial equity in fixed-income investments. …As a founding...
The 2022 Joan Bavaria Award is presented to co-founder Napoleon Wallace
nCeres and Trillium Asset Management were deeply honored to present the 2022 Joan Bavaria Award to Napoleon Wallace at Evening with Ceres. Napoleon is a pioneering leader and strategic thinker who has launched, led, and advised numerous successful impact-focused...
Out of the Frying Pan and Into the Line of Fire: How Minnesota Cities Are Displacing People of Color and How the Suburbs Are Killing Them
nIn this report: Data overview on Brooklyn Center’s fiscal justice issues (which we define as issues at the intersection of fiscal health and racial justice)The Activest theory of change and organizing tactics & strategies for leveraging municipal bondholders in a...
Community
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through Finance
Our work in municipal finance directly supports and empowers marginalized communities, emphasizing our team’s dedication to fostering equity and inclusion.
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