Formation | 2018 |
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Location |
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Founders | Anna Gifty Opoku-Agyeman Fanta Traore |
Website | sadiecollective |
The Sadie Collective is the first American non-profit organization which aims to increase the representation of African-American women in economics and related fields. [1] [2] It was founded by Anna Gifty Opoku-Agyeman and Fanta Traore in August 2018 and is named for the first African-American economist, Sadie T. M. Alexander. [3] [4] [5] [6] [7]
It has organized conferences connecting African-American women pursuing careers in economics and related fields such as finance, data science, and public policy. [8] [9] In February 2019, the Collective hosted the Sadie T. M. Alexander Conference for Economics and related fields at Mathematica Policy Research in Washington, D.C. In February 2020, the second annual conference was hosted by the Urban Institute with Bridget Terry Long and Janet Yellen as Keynote Speakers with nearly 300 attendees. [10] [11] The conferences are the first exclusively for African-American women in economics and related fields. [12] In 2020, the Chicago Federal Reserve Bank announced a data science skills workshop in collaboration with the Collective for African-American college students. [13]
Anna Gifty Opoku-Agyeman, a former undergraduate student at the University of Maryland, Baltimore County, and Fanta Traore, a former research assistant at the Federal Reserve Board of Governors co-founded the organization in August 2018. Both women cited their isolating experiences in their work and academic environments as inspiration for creating an "intergenerational community" of Black women in economics and related fields. Both women mention that Lisa Cook is their mentor and an early supporter of the Collective. Anna Gifty Opoku-Agyeman and Lisa Cook co-wrote a New York Times opinion piece and participated in interviews specifically advocating especially for the inclusion and advancement of African-American women in the economics profession. [14] [15] [16]
Opoku-Agyeman served as the organization's CEO until her resignation in March 2021. Traore served as CEO shortly after. [17] [18] In July 2022, Bola Olaniyan was announced as the Collective's first Executive Director. [19]
In October 2020, the organization entered a multi-year partnership with the Bill & Melinda Gates Foundation. [20] In 2021, the organization was listed among several organizations awarded the first round of capital investments and philanthropic grants for Black women by Goldman Sachs to "fund the creation of high school economic clubs for young Black girls to participate in the annual Federal Reserve Challenge". [21]
An economist is a professional and practitioner in the social science discipline of economics.
Sadie Tanner Mossell Alexander was a pioneering Black professional and civil rights activist of the early-to-mid-20th century. In 1921, Mossell Alexander was the second African-American woman to receive a Ph.D. and the first one to receive one in economics in the United States. In 1927, she was first Black woman to receive a law degree from the University of Pennsylvania Law School and went on to become the first Black woman to practice law in the state. She was also the first national president of Delta Sigma Theta sorority, serving from 1919 to 1923.
The Federal Reserve Bank of St. Louis is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the United States' central bank. Missouri is the only state to have two main Federal Reserve Banks.
The Urban Institute is a Washington, D.C.–based think tank that conducts economic and social policy research to "open minds, shape decisions, and offer solutions". The institute receives funding from government contracts, foundations, and private donors.
The Meyerhoff Scholars Program is a program at the University of Maryland, Baltimore County (UMBC) designed to prepare minority students for academic careers in the science, technology, engineering and math (STEM) disciplines. The program has served as a model for developing and supporting minority students pursuing academic careers.
Jane Naana Opoku-Agyemang is a Ghanaian academic and politician who served as Minister for Education from February 2013 to January 2017. She is a full professor of literature. She served as the first female Vice-Chancellor of a state university in Ghana when she took over as Vice-Chancellor of University of Cape Coast. She currently serves as the Chancellor of the Women's University in Africa.
The General Union of Negro African Workers, more widely known by its French name Union générale des travailleurs d'Afrique noire, was a pan-African trade union organization. Ahmed Sékou Touré was the main leader of the organization. In its heyday, around 90% of the trade unions in Francophone West Africa were affiliated to UGTAN.
Lisa DeNell Cook is an American economist who has served as a member of the Federal Reserve Board of Governors since May 23, 2022. She is the first African American woman and first woman of color to sit on the Board. Before her appointment to the Federal Reserve, she was elected to the board of directors of the Federal Reserve Bank of Chicago.
Claudia Rae Sahm is an American economist, leading the Macroeconomic Research initiative of the Jain Family Institute. She was formerly director of macroeconomic policy at the Washington Center for Equitable Growth, and a Section Chief at the Board of Governors of the Federal Reserve System, where she worked in various capacities from 2007 to 2019. Sahm specializes in macroeconomics and household finance. She is best known for the development of the Sahm Rule, a Federal Reserve Economic Data (FRED) indicator for identifying recessions in real-time.
Women are under-represented in the economics profession worldwide. This has wide social and material implications, as economists work in banks and government, and have a direct role in policy making. Studies have shown that decisions made and executed by diverse teams delivered 60% better results. While many other fields, including STEM fields, have seen growth in the share of professors and students who are women, economics has stagnated with little improvement at any level in the last 15 years.
Philip Nathan Jefferson is an American economist who has been serving as 23rd Vice Chair of the Federal Reserve since September 2023. He has been a member of the Federal Reserve Board of Governors since 2022. He was nominated for the position by President Joe Biden in January 2022, and was confirmed by the Senate in May 2022. Upon taking office, he became the fourth Black man to serve on the board.
Priscilla Opoku Agyeman, popularly known as "Ahuofe Patri" is a Ghanaian Actress and Women's Advocate.
Anna Gifty Opoku-Agyeman is a Ghanaian-born American activist and writer. She is a co-founder and former CEO of the Sadie Collective, as well as a co-founder and co-organizer of Black Birders Week.
The National Economic Association (NEA) is a learned society established in 1969, focused on initiatives in the field of economics.
Black Birders Week is a week-long series of online events to highlight black nature enthusiasts and to increase the visibility of black birders, who face unique challenges and dangers when they are engaged in outdoor activities. The event was created as a response to the Central Park birdwatching incident and police brutality against Black Americans. The inaugural event ran from May 31 to June 5, 2020. The week of events was organized by a group of STEM professionals and students known as the BlackAFinSTEM Collective.
Amanda Bayer is an American economist who is the Franklin and Betty Barr professor of economics at Swarthmore College and a visiting senior adviser to the Board of Governors of the Federal Reserve System, known for her recent work on ways to increase the number of women and underrepresented minority students who major in economics and enter the economics profession.
Nina Banks is an American economist who is an associate professor of economics at Bucknell University and former president of the National Economic Association. She is known for her research on the contributions of early women economists, particularly Sadie Alexander. She has also published work explaining the economic value of Black women's community activism.
Willene A. Johnson is an American economist who is a former vice president of the Federal Reserve Bank of New York, former U.S. Executive Director of the African Development Bank, and a former president of the National Economic Association.
Michelle Holder is an American economist who is an Associate Professor of Economics at John Jay College of Criminal Justice in the City University of New York. Her research focuses on the position of Black workers and women of color in the American labor market, including wage gaps based on race and gender as well as unemployment rate differences by race and gender. In June 2021, she was named president and CEO of The Washington Center for Equitable Growth. Holder stepped down in 2022 from the presidency and transitioned into the role of distinguished senior fellow with the organization through 2023.
The Research in Color Foundation is a 501(c)(3) nonprofit that looks to enhance the recruitment and retention of economists of colour. It was founded by Chinemelu Okafor in 2019.