SEC Grants: Boosting Communities with Cannabis Sales Revenue
In an innovative move for social justice, the Social Equity Council (SEC) has released $6 million in SEC grants, funded by cannabis sales. These community grants, distributed to six organizations across the state, are set to uplift local nonprofits with a focus on children and prison re-entry initiatives.
Cannabis: A Catalyst for Change
The legalization of adult-use cannabis has brought a notable surge in sales, reaching an apex of $12 million in June. The Social Equity Council, capitalizing on 65% of the retail sales tax, has actively redirected this revenue to support those communities most scarred by the war on drugs.
SEC’s executive director, Ginne-Rae Clay, shared the council‘s strategy: “We deduct our operating expenses and then channel the remainder back into the community.”
The Prosperity Foundation: A Pillar for Progress
The Prosperity Foundation in New Haven stands as one of the six chosen entities to disburse these SEC grants. SEC member Kevin Walton expressed his anticipation for the potential impact on grassroots organizations already established in the area.
Nurturing the Next Generation
The SEC grants aim to empower local organizations dedicated to the youth. For instance, Abraham’s Promise, a youth organization, anticipates utilizing the grant to enhance its education in STEM, life skills, and sports.
Healing from the Past
Sean Reeves from the Community Economic Development Partnership underscored the crucial need for such community grants, referencing the destructive consequences of the war on drugs. He stressed the need for resources to ensure the welfare of families and children impacted.
The SEC grants will be awarded across New Haven, Hartford, New London, Stamford, Bridgeport, and Waterbury. In New Haven, The Prosperity Foundation’s grant application is open until Aug. 31.
The initiative by the SEC signals a crucial step towards healing communities impacted by the war on drugs and a promising investment in future generations.
