Let’s Transform the Zip Codes

Posted by Bill Bynum on March 8, 2016

One of America’s best writers, William Faulkner, in explaining why he always set his fiction in the South, said: “I discovered that my own little postage stamp of native soil was worth writing about, and that I would never live long enough to exhaust it.”

Though I do very different work from Faulkner, I share his belief that place, whether thought of as a “little postage stamp of native soil,” or in the parlance of modern data analyst as a “zip code,” matters.

When we set out to create equal opportunity for people who live in communities plagued by entrenched poverty, we must work in a comprehensive, sustained, and indeed, exhaustive way.

This truth is vividly driven home by a series of maps of the Mid South region developed by HOPE’s data analysts.

The central map shows that in Arkansas, Mississippi, and Louisiana, 97 of the 221 counties and parishes, a full 44 percent, meet the federal government’s definition of persistent poverty. This label defines counties and parishes where at least 20 percent of the population has lived below the federal poverty level for more than three decades.

The other maps in the series show data from a variety of sources that measure various quality-of-life factors, including unemployment rates, health outcomes, school quality, predatory lending, and the availability of banking services. Jobs that pay a decent wage, good health care, quality education and the ability to access affordable financial services are all basic and reasonable things that we all want for our families and that contribute to stable communities.

Overwhelmingly, the same counties and parishes characterized by persistent poverty are the same counties and parishes with the highest unemployment rates, the lowest performing schools, the worst health outcomes, the most predatory lending, and fewest options for banking services.

As the evidence mounts showing that a person’s prospects for economic success are determined not only by individual circumstances, but by the circumstances of his or her surrounding community, the urgency grows to transform these places.

These maps show us that well-meaning, but scattergun initiatives like making transfer payments to individuals, creating a world-class middle school, or building a state-of-the-art community health center alone is not going to work. We cannot afford to tackle the one problem that fits within our box and cross our fingers in the hope that someone else will tackle the other problems. Persistent poverty communities require comprehensive, coordinated solutions to address the range of challenges that confront their residents.

Nor can we afford to be picky about where the resources come from. State and federal government, foundations, banks, private employers, and every individual share a vested interest in stable neighborhoods, economic prosperity and the common good.

Wherever there are solutions and resources, we must bundle them together to change these maps and transform the zip codes in persistently poor places, knowing that every little postage stamp of native soil is worth saving, and that we can never live long enough to exhaust their potential.

(Photo credit: Kanu Hawaii, via flickr, CC BY 2.0)

About the author more »

Bill Bynum is chief executive officer of HOPE, a credit union (Hope Credit Union), loan fund (Hope Enterprise Corporation) and policy center (Hope Policy Institute) dedicated to improving lives in one of the nation’s most persistently impoverished regions. Since 1994, HOPE has provided financial services, leveraged private and public resources, and shaped policies that have benefited more than 650,000 residents in the Delta and other distressed parts of Arkansas, Louisiana, Mississippi and Tennessee. For more than three decades, Bynum has worked to advance economic opportunity for disenfranchised populations. He helped to establish Self-Help, a pioneer in the development finance industry, and later built nationally recognized programs at the North Carolina Rural Economic Development Center. A recipient of the Aspen Global Leadership Network John P. McNulty Prize and University of North Carolina Distinguished Alumnus Award, Bill has advised several U.S. presidents on financial service matters, and served ten years as chairman of the Treasury’s Community Development Advisory Board. He currently chairs the Consumer Financial Protection Bureau’s Consumer Advisory Board and is a member of the U.S. Partnership for Mobility from Poverty, funded by the Bill & Melinda Gates Foundation.

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