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News Related to Covid-19 and our Industry

As part of its $1 billion commitment, Bank of America dedicated $50 million to support minority depository institutions (MDIs) and community development financial institution (CDFI) banks. As part of these equity investments Bank of America will... Read more

Many Black- and Latino-owned small businesses feel left behind after a tough 2020. The incoming Biden-Harris Administration signals a new narrative.

A cornerstone policy for the incoming Biden-Harris administration is its proposed $1.9... Read more

Adrienne Parker knows what it is like to struggle as a Black small business owner during the pandemic.

The sole proprietor of Peace of Mind Consulting, a management and bookkeeping consulting firm in Atlanta, Parker saw much of her income... Read more

MEMORANDUM FOR THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:

As Joe Biden takes over as US president – and takes on a daunting to-do list – the US Impact Investing Alliance’s Fran Seegull shares three ways investors can play their part in building an equitable, resilient future.

The Field Empowerment Fund  provides flexible funds to members of the National Community Reinvestment Coalition (NCRC) to respond to the economic impacts of the Coronavirus pandemic. 

Our goal is to help start and scale-up innovative... Read more

PAYCHECK PROTECTION PROGRAM FIRST DRAW LOANS

SBA is reopening the Paycheck Protection Program (PPP) for First Draw Loans the week of January 11, 2021. First Draw PPP Loans can be used to help fund payroll costs, including... Read more

The 2020 Financial Literacy Annual Report details the Bureau’s financial literacy strategy and activities to improve the financial literacy of consumers. Congress specifically charged the Bureau with conducting financial education programs and... Read more

After months of partisan wrangling, on December 20, 2020, Congressional negotiators finally agreed on a new $900 billion Covid relief package, which includes an additional $284 billion for the Paycheck Protection Program (PPP) for small... Read more

The legacy of systemic racism means many companies still start from behind when competing for financing.

Securing capital is a big challenge for many Black- and other minority-owned businesses. Whether through outright discrimination or... Read more

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