Since 1967, when Laird Norton Wealth Management was launched, the values of the Laird Norton Company (our parent company) and the Laird Norton family have informed our approach to business. And this continues to this day as our region and nation again address the social problems and economic shortfalls that arise when segments of the population are excluded from opportunities based on their race or ethnicity.
For example, Citibank economists estimate that if four key racial gaps for Blacks — wages, education, housing, and investment — had been closed 20 years ago, $16 trillion could have been added to the U.S. economy. And if these same gaps are closed today, $5 trillion can be added to U.S. GDP over the next five years.
As LNWM is currently re-evaluating our own diversity, equity and inclusion efforts and policies, we are happy to announce that the Laird Norton Company has joined Washington Employers for Racial Equity, a growing coalition committed to change in support of Black individuals, families, and all communities of color in WA. The coalition’s work to ensure more equitable outcomes for all Washington residents will help to create a healthier and more vibrant regional economy.
A recent report by Washington Employers for Racial Equity outlines the impact that inequity has had on the lives of Black Washingtonians based on information gathered from speaking with Black community and business leaders, data and research experts, and racial equity specialists. Learn about the coalition’s research and 2030 goals here: https://www.employers4equity.org/
Read a summary of the report and the coalition’s efforts here: