This paper highlights ways to better center equity when developing and implementing policies to improve compensation, preparation, and stability for ECE professionals. We review the challenges with a focus on the policies, systems, and institutions that have contributed to racial and gender inequities; describe policies and strategies enacted at various levels (e.g., local, state, Tribal, and federal) to improve compensation and preparation for ECE professionals; and present key considerations for developing and advancing policies that center racial equity in ways that promote systemic change. (author abstract)