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NCRC to Kick Off New Initiative with The National Minority Angel Network

New York City, NY — This month, the National Community Reinvestment Coalition’s (NCRC) New York City Minority Business Center will begin a working collaboration with the National Minority Angel Network (NMAN), a new organization dedicated to fostering investment in minority-led and owned start-up businesses. To kick off this new collaborative initiative to connect minority-led and owned businesses with investors, the New York City Minority Business Center and NMAN will cohost a reception for potential investors on May 30, 2012 at 5:30 pm.

NCRC’s New York City Minority Business Center provides management and business consulting services to minority business enterprises, and utilizes strategic partnerships to improve minority-owned companies’ performance and profitability. NMAN works to provide mentorship, educational events, and capital to minority-led and owned startups across America. The New York Minority Business Center will work with NMAN to identify appropriate minority-led and owned businesses and connect them with “angel investors” who will commit capital and resources to those businesses.

NCRC President and CEO John Taylor made the following statement: “We are excited to bring people together to create jobs and build opportunities for small business owners through this new initiative. Allowing full participation in business creation and development is an important part of economic justice, and NCRC is dedicated to leveling the playing field, and ensuring that everyone gets a fair shot to prosper and thrive.”

Timothy Reese, Founder and Principal of NMAN said: “We are excited about our New York City launch in partnership with NCRC. We believe recent activity for high-growth startups in New York provides ideal conditions to be launching our program here at this time before rolling out to other regions in the U.S.”

The reception will be held on May 30, 2012 from 5:30-7:30 PM at the New York City Minority Business Center. The New York City Minority Business Center is located at 114 West 47th Street, 19th Floor. This event is open to press. For more information please contact Eric Hersey at 202-524-4880.

NCRC is the only non-profit organization in the nation that operates three MBDA Business Centers, with centers in Washington, D.C., New York, NY, and Houston, TX. NCRC also manages a Women’s Business Center and Small Business Teaming Center sponsored by the U.S. Small Business Administration, and a small business development loan fund.

 

About the National Community Reinvestment Coalition (NCRC):
The National Community Reinvestment Coalition is an association of more than 600 community-based organizations that promote access to basic banking services, including credit and savings, to create and sustain affordable housing, job development, and vibrant communities for America’s working families.  
About the National Minority Angel Investor Network (NMAN):
The National Minority Angel Network is a unique financing model based on the good of Capitalism when targeted to specific business and community goals. NMAN targets minority entrepreneurs who have excelled academically or professionally but are first time entrepreneurs. We seek to link them with successful, high-net-worth Americans who share NMAN’s desire to diversify the business community and broaden prospects for long term wealth creation.

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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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