NCRC Statement on the Confirmation of Linda McMahon as SBA Administrator

Washington, DC – Today, in response to the U.S. Senate’s confirmation of Linda McMahon as Administrator of the U.S. Small Business Administration, NCRC’s President and CEO John Taylor made the following statement.

“We congratulate Ms. McMahon on her confirmation as Administrator of the Small Business Association. Small businesses are the lifeblood of our economy and provide the jobs and services that hold communities together.  

“Capital and credit services are vital to the success of small, women- and minority-owned businesses, but all too often they can be difficult to obtain. Ms. McMahon now has the responsibility to ensure all creditworthy small business owners, and those trying to start a small business, have equal and fair access to the financial services needed to build their version of the American Dream. 

“NCRC looks forward to working with Ms. McMahon to build our economy one neighborhood at a time.”

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About NCRC:
NCRC and its grassroots member organizations create opportunities for people to build wealth. We work with community leaders, policymakers and financial institutions to champion fairness in banking, housing and business development.

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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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