{"id":6434,"date":"2015-12-03T09:58:06","date_gmt":"2015-12-03T15:58:06","guid":{"rendered":"http:\/\/www.gnof.org\/?p=6434"},"modified":"2015-12-03T09:58:06","modified_gmt":"2015-12-03T15:58:06","slug":"newcorp-acts-as-a-catalyst-for-wealth-for-disadvantaged-communities","status":"publish","type":"post","link":"https:\/\/staging.communify.me\/gnof\/newcorp-acts-as-a-catalyst-for-wealth-for-disadvantaged-communities\/","title":{"rendered":"NewCorp Acts As A Catalyst For Wealth For Disadvantaged Communities"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A\/\/api.soundcloud.com\/tracks\/235907846&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false\" width=\"100%\" height=\"166\" frameborder=\"no\" scrolling=\"no\"><\/iframe><br \/>\nNewCorp has served as convener of the Mardi Gras Indian nations including the Yellow Pocahontas, Mohawk Hunters, Washitaw Nation, Apache Nation, Naypayshni Cherokee Warriors, Fiyiyi, Indians of the Nation, Hard Head Hunters and Golden Camanche. These groups have formed the Black Mardi Gras Indian Cooperative.<\/p>\n<p>Newcorp has helped the Cooperative develop an operating agreement for their business model and to identify potential markets for retail and manufacturing activities.<\/p>\n<p>\u201cMost of our city\u2019s not bankable,\u201d says Vaugn Fauria, the chief executive officer for NewCorp Incorporated, a community development financial institution. \u201cYou know, if you\u2019ve never had any exposure to business then sometimes it\u2019s very hard to understand how you get from one point to the next.\u201d<\/p>\n<p>So Fauria shows people.<\/p>\n<p>NewCorp is a non-traditional bank which likes to be family and friends, as well as business coach and moneylender, to the community it serves.<\/p>\n<p>\u201cNewcorp\u2019s mission is actually to act as a catalyst for wealth in our disadvantaged communities,\u201d explains Fauria. \u201cSo whatever that translates into is what we need to do.\u201d<\/p>\n<p>In other words, NewCorp works with people who make great cultural contributions to New Orleans and helps them make what they already do financially viable so that they can keep doing it.<\/p>\n<p>\u201cYou better protect everything that is worth anything to you,\u201d advises Fauria.<\/p>\n<p>Take, for example, Mardi Gras Indians.<\/p>\n<p>\u201cI had a number of Black Mardi Gras Indians that were independently my clients,\u201d explains Fauria. So NewCorp convened a coop between these independent business contractors \u2013 different nations of Indians. NewCorp gives the Black Mardi Gras Indian Coop convening room and promotes their business decisions: what they decide to market and brand.<\/p>\n<p>\u201cWhat we know it will offer them is an opportunity to monetize much of what they do right now for free, but everybody else capitalizes on.\u201d<\/p>\n<p>NewCorp helps the Black Mardi Gras Coop monetize what they do by offering resources: attending festivals all around the world, selling their elaborately beaded suits, and deconstructing their suits in order to sell them one piece at a time.<\/p>\n<p>Fauria leads me to a three-dimensional case. Inside is an elaborately beaded portion of a Mardi Gras Indian suit.<\/p>\n<p>\u201cThat one\u2019s called Judy\u2019s Garden,\u201d explains Fauria, pointing. \u201cThat\u2019s the suit that it came from. This is a piece off of Darryl Montana \u2014 Chief Darryl Montana of the Yellow Pocahontas &#8212; and it\u2019s a bird and flowers. It\u2019s presented with what appears to be a red cactus lily and small flowers that look like dogwood, and a bird that is blue and gold. We\u2019re trying to make it so that the bird appears to be in flight. Many of the suits, Downtown especially, are 3-D suits.\u201d<\/p>\n<p>\u201cOh what\u2019s this?\u201d I ask, pointing to another case. \u201cIs this another piece?\u201d<\/p>\n<p>\u201cOh yes. That\u2019s Benny.\u201d<\/p>\n<p>That\u2019s Benny Ratcliff, a member of the 9th Ward Navajo Mardi Gras Indians.<\/p>\n<p>\u201cThis is Benny\u2019s piece. And actually we sold this piece. You see how they put the pinecone and they have the butterfly going up the branch. And that branch comes off of a pine tree. The one in the front, he positioned the butterfly on an orchid stem. Oh my god, it\u2019s so beautiful. And they\u2019ve wrapped them in copper. It\u2019s just gorgeous. You can see the beading on it. It\u2019s exquisite.\u201d<\/p>\n<p>Thanks in part to NewCorp, the people making that exquisite work \u2013 the embodiment of New Orleans culture \u2013 are the ones getting paid for it.<\/p>\n<p><em>Written by Eve Abrams for the Community IMPACT Series and produced by WWNO in partnership with the Greater New Orleans Foundation. Learn more about <a href=\"http:\/\/www.newcorpinc.com\/\" target=\"_blank\">NewCorp<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NewCorp has served as convener of the Mardi Gras Indian nations including the Yellow Pocahontas, Mohawk Hunters, Washitaw Nation, Apache Nation, Naypayshni Cherokee Warriors, Fiyiyi, Indians of the Nation, Hard Head Hunters and Golden Camanche. These groups have formed the Black Mardi Gras Indian Cooperative. Newcorp has helped the Cooperative develop an operating agreement for&#8230;<\/p>\n","protected":false},"author":37,"featured_media":6435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[677,30],"tags":[350,130,516,666,956,957,954,955,100],"class_list":["post-6434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-front-page-small-feature","category-our-community","tag-community-impact","tag-community-impact-series","tag-economic-opportunity","tag-eve-abrams","tag-mardi-gras","tag-mardi-gras-indians","tag-newcorp","tag-wealth-building","tag-wwno"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NewCorp Acts As A Catalyst For Wealth For Disadvantaged Communities | Greater New Orleans Foundation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.communify.me\/gnof\/newcorp-acts-as-a-catalyst-for-wealth-for-disadvantaged-communities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NewCorp Acts As A Catalyst For Wealth For Disadvantaged Communities | Greater New Orleans Foundation\" \/>\n<meta property=\"og:description\" content=\"NewCorp has served as convener of the Mardi Gras Indian nations including the Yellow Pocahontas, Mohawk Hunters, Washitaw Nation, Apache Nation, Naypayshni Cherokee Warriors, Fiyiyi, Indians of the Nation, Hard Head Hunters and Golden Camanche. 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