About NEW
We founded New Economics for Women (NEW) to create a female centered approach to economic development. We had the audacity to believe that women have the economic power to change the world.
Who We Are
New Economics for Women (NEW) is a California-based nonprofit founded in 1985. NEW’s mission is to build economic mobility, particularly for Latinas and their families.
We believe Economic Mobility is a fundamental human right.
Our vision is to empower generations of women and their families to thrive.
For over 37 years, we have sparked economic mobility in underserved communities throughout the region. We empower women who are the center of the family to build and protect generational wealth. When we champion women, we transform communities.
How We Spark Economic Mobility
Wealth Creation Hub
Housing Hub
Education Hub
Entrepreneurship Hub
Advocacy for Economic Equity Hub
Our History
New Economics for Women Founded
United Way Invests in NEW
NEW's Initial Site Purchase Attempts
NEW enters negotions for the acquisition of the LOMA street site
Escrow Opens for 379 S Loma Site
NEW Opens Business Office
NEW Receives Operating Grant
Casa Loma Opens
Secretary of HUD Sites Casa Loma as a Housing Model for the Nation
NEW Acquires Site Control of Hotel Cortez
NEW Moves to 303 S Loma Drive
Hotel Cortez and La Villa Mariposa Construction Begins
NEW Receives Fannie Mae Foundation Maxwell Award
NEW Receives Core Operational Funding
HUD designates NEW to Receive $2M in Special Tax Credits
NEW Opens La Posada
NEW Opens La Villa Mariposa
NEW Begins Technical Assistance Program
NEW expands its Technical Assistance services to several communities including Yakima, Washington
NEW Selected by the Los Angeles County Community Development Commission
NEW Launches Home Ownership Education and Lending Program
NEW Awarded Grants for Prosperity Center
NEW Begins Rehabilitation of Prosperity Center
NEW Receives the Fannie Mae Foundation, Sustainable Excellence Award
NEW Facilitates $5.75M in Small Business Loans
NEW opens Tres Palmas (19 units for large families). NEW now operates four multi family housing sites in the Belmont Community.
NEW opens Guadalupe Terrace. The complex provides 31 units for single parent families in East Los Angeles. Supervisor Gloria Molina cites this project as a model for the county.
NEW purchases the EADS building, located in the Belmont area, at the request of the City of Los Angeles. The EADS building was found listed on the Slum Task Force list as one of the worst buildings in the City of Los Angeles.
NEW receives “Ray of Hope” Award from Hispanas Organized for Political Equality, for innovative housing servicing the Latina community.
As part of the Prosperity Center (formally the Loma Center) NEW partners with USC School of Engineering and NASA Technology Center to design the center as “smart wired” to attract hi-tech businesses.
NEW receives “La Promesa de un futuro brillante” Award from the National Latino Children’s Institute for La Posada.
NEW receives funding to begin planning its charter school that can focus on science and technology curriculum.
NEW Board Updates Mission Statement
- Operating quality housing designed by single parents
- Helping single parents develop strategies and resources for success especially by helping build assets for families
- Helping communities transform by developing strategies and resources to eliminate poverty
Final negotiations are reached with the Los Angeles Unified School District to build an elementary school that will also be operated as a charter school by NEW.
NEW successfully secured over $7 million from various financial sources for the Tierra del Sol, EADS apartments, Santa Cruz Terrace, San Pedro and North Hollywood single family developments.
Enterprise Foundation Awards NEW Two-Year Contract
NEW helps 145 families increase their level of economic attainments through its Family Development Network program.
City of Montebello contracts with NEW to help carry out the Greenwood Neighborhood Revitalization Project. In addition, the State Department of Health Services awarded NEW a contract to help enroll poor families into their no cost or low-cost medical insurance.
NEW holds its very first fund raising event to benefit its La Posada project.
La Posada Holiday Event
NEW Academy Established
La Posada Scholarship Program Established
Tierra Del Sol Awarded the Charles L. Edison Tax Credit Excellence Award
This year marks the opening of NEW’s Prosperity Community Center and Vista Monterey, 48 units of senior housing, in Los Angeles.
NEW Recognized by Women's Congressional Caucus
NEW Awarded Bank of America Neighborhood Excellence Initiative Award
NEW celebrates the grand opening of the third and final phase of the Tierra Del Sol Redevelopment Project – the two-story Community Center building which will serve as a economic and educational hub.
NEW Completes Projecto Adelante
Celebra La Ciencia – Science Festival
NEW Celebrates 25th Anniversary
The California Community Foundation selects NEW as one of nine organizations included in its annual Guide to Top-Performing Nonprofits.
NEW Casa Launches
The opening of NEW’s Toberman Village, 49 units of affordable housing, in San Pedro.
Latino Tech Net/Computer Literacy opens in partnership, with Mission Economic Development Agency, providing broadband technology and micro-entrepreneurship training to small businesses.
NEW Ventures launches SOCOS to help create jobs in janitorial, maintenance and landscaping services.
NEW launches "Whole Family Education" model establishing a transformative educational program leading families to create, maintain and grow assets.
Opening of Osborne Apartments 60 Units of affordable housing co-developed with Related Company in Lake View Terrace, San Fernando.
Prospectors Awarded by California Awards for Performance Excellence for the Family Source Centers operated by NEW in San Fernando Valley.
NEW purchases Village by the Park, 288 units of an affordable housing complex located in Denver, Colorado. This is the first housing development purchased outside of California.
First Annual Whole Family CREATE Conference
Latina Wealth Index Project launched, a research and policy initiative focused on Latina-owned business and their avenues of success to building wealth and policy recommendations
Opening of Rio Vista - 87 units of affordable housing, first of four co-developments with McCormick Barron on Taylor Yard complex
Lot 3/Taylor Yard Launches – 68 units of affordable housing, second of four developments at Taylor Yard.
Legacy of Family Reception honoring the mothers of prominent leaders in our community continues to be a successful fundraising event for La Posada.
Kaboom and Delta Airlines partnership for “Build Day” at La Posada transforming back yard into a magical playground for resident children and a haven for La Posada mothers to rest and relax.
NEW sells Village by the Park, Denver affordable housing complex representing the single largest financial transaction in NEW’s history- $26 million.
Opening of Taylor Yard Senior – 80 units, third of four developments at Taylor Yard.
Opening of Santa Cecelia – 108 units of affordable housing in Boyle Heights co-developed with McCormick Barron.
La Posada awarded $2 million by private benefactor, Walter Jayasinghe Foundation Trust.
EPA Provides Technical Assistance Grant
NEW Builds and Sells Four Modular Single-Family Homes in Canoga Park
La Posada renovation completed, a $2.7 million construction project upgrading all systems and providing a refreshed community/family décor for La Posada residents.
NEW builds and sells the second phase of four single family modular homes in Canoga Park.
NEW EntrepreneurshipHub- USC Micro-Business Incubator was established in March 2020:
NEW Entrepreneurship Hub - NEW WOMEN’S BUSINESS CENTER (NEW-WBC) was established in April 2020:
NEW Entrepreneurship Hub - USC Startup Career Fair was established in November 2020:
NEW Entrepreneurship Hub - USC The Entrepreneurship Startup Academy (TESA) was established in November 2020:
NEW Entrepreneurship Hub - COLLEGE INCUBATORS were established in April 2021:
NEW Entrepreneuriship Hub - NEW Community Investments Kiva Los Angeles was established in July 2021:
NEW Entrepreneurship Hub - Impresario was launched in March 2022:
Our Board
Beatriz Olvera Stotzer
Board President
Chief Executive Officer
NEW Capital, LLC
Andrew Cheng
Board Vice President
Senior GRC Program Manager,
GoFundMe
Stacey Brenner
Board Secretary
President
Brenner Consulting Group
Miguel Escobar
Board Treasurer
President
Angelworks
Belinda Barragan
Director of Community Engagement
Hope
Maria L. Garcia
Regional Managing Director
Chase Private Client & Chase Investments
Joan Kradin
Senior Vice President
Greer Dailey, Inc.
Brianna J. Mircheff
Deputy Federal Public Defender
Office of the Public Defender
Los Angeles
Nilda Ruiz
CEO and President
Asociación Puertorriqueños En Marcha, Inc.
Welton Smith
Director of Real Estate Development
Cesar Chavez Foundation
Our Team
Each person below has committed to themselves, to each other, and to you (clients and donors) that we will connect, create, and celebrate in order to achieve success for the ones at the center of economic mobility – women. When women have economic justice, we all do.
NEW’s team connects to be accountable to each other, to be fully present with this work – to do what we said we would do. We create trust through faithful connections, building a reliable foundation upon which to serve. Our celebrations reflect every achievement, every win – small and large.
Maggie Cervantes
Executive Director
Leticia Andueza
Associate Executive Director
Alicia Matricardi
Chief of Special Projects
Kimberly Stotzer
Chief Executive Officer
NEW Community Investments
Ángel Zapata
Chief Strategist
Carmen Luna
Director
Ruth Garcia-Corrales
Program Director
Irma Vargas
Manager
Yesenia Medina
Manager
Michelle Anitzia Reyes
Manager
Irma L. Alcocer
Manager
Antonio Stotzer
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