American Entrepreneurship Today: Black and Brown Female Entrepreneurs, Allies Call for Change at Annual Summit

American Entrepreneurship Today, March 31, 2022, Black and Brown Female Entrepreneurs, Allies Call for Change at Annual Summit

The 4th Annual Women of Color Connecting Virtual Summit (WOCCON 2022), hosted by the Institute For Entrepreneurial Leadership (IFEL) recently, issued a strong call-to-action. “Listen, learn, engage, then act,” stated IFEL CEO Jill Johnson, referring to the purpose-driven action needed to change the barriers faced by women of color entrepreneurs, of which capital constraint remains a defining problem

Eleni Janis, Managing Partner and Chief Investment Officer, Equivico by NCRC, attacks the systemic problem of capital access by working with lenders and identifying those who want to lend to women of color, small businesses and other disadvantaged groups. Through the firm’s Impact Investment Fund, capital is proactively moved to lenders, who in turn earmark the funds for small business loans.  “The Impact Investment Fund is a unique solution which works with lenders and does not compete against them,” stated Janis.

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Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

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