[Brooklyn Borough President Adams\Education\ Banking]
Brooklyn Borough President Adams: “To combat the inequality gap, we have to close the gap where it first appears — in the beginning of a child’s life…Those who tend to our youngest and most vulnerable should not live in poverty.”
“We are excited that the new BDD designation will allow Popular Bank to continue to provide better financial services to the Ocean Hill-Brownsville communities.
Yesterday, Brooklyn Borough President Eric Adams spoke on the need for pay equity for the educators of children and the importance of early childhood development. He also spoke on the Department of Financial Services designation of Brownsville as a new banking development district.
Here are his comments regarding early childhood development and the need to properly compensate those who educate children:
“To combat the inequality gap, we have to close the gap where it first appears — in the beginning of a child’s life. Eighty percent of brain development occurs in the period between ages zero to three. To ensure we are setting up our children for future success, our City must encourage centralized coordination between families, pediatricians, and our departments of health and education to effectively track child development and navigate the many options for early intervention service. We also have to facilitate on-the-ground outreach to new families that is culturally competent, focused on everything from pre-natal care to the basics on stimulating a baby’s mind. And finally, we must heavily invest in professional development for a new generation of early childhood educators, studying from the best up-to-date brain science research.
“Those who tend to our youngest and most vulnerable should not live in poverty; they should be provided a living wage commensurate with the tailored professional development they receive. I commend Bank Street College on the release of this important report that points the way forward on early childhood development, our greatest opportunity and obligation to go upstream and pinpoint the root causes of our city’s challenges.”
On the Department of Financial Services designation of Brownsville as a new banking development district Borough President Adams said the following:
“The approved Banking Development District (BDD) present a great opportunity to locals in the area to have additional access to a variety of banking products and services. We are excited that the new BDD designation will allow Popular Bank to continue to provide better financial services to the Ocean Hill-Brownsville communities, an area that has long been underbanked. In addition, as a long-time advocate for expanding financial literacy, I am gratified to see their commitment to providing financial education to local residents. These kinds of investments empower communities and ensure all New Yorkers have the opportunity to participate in the local economy.”