Donald W. Reynolds Journalism Institute, August 11, 2021, Financing Multicultural Media: New Collaboration Positions Publishers of Color As Catalysts For Equitable Community Development
A robust, resilient and diverse media ecosystem is as essential to a community’s well-being as affordable housing, reliable transportation and accessible capital.
And yet the institutions we often turn to for funding critical community infrastructure — banks, community development finance institutions (CDFIs), socially responsible businesses, and government agencies — largely ignore community media as an essential building block.
Josh Silver, a senior analyst for the National Community Reinvestment Coalition (NCRC), believes that providing loans, grants and other financial support to BIPOC-owned community media would help banks meet their CRA obligations.
