As the first US president since the Civil Rights era to make racial justice a prime concern, Joe Biden has identified racial equity as a top priority of his White House agenda.
A bipartisan group of legislators led by Rep. Jacquelin Maycumber (R – Republic) have introduced a bill in the House Finance Committee that would create a program within the Department of Commerce to spur economic development in disadvantaged... Read more
The Entrepreneur Fund has received a $2 million Grow with Google Small Business Fund loan and a $125,000 Google.org-funded grant from Opportunity Finance Network (OFN), a leading network for Community Development Financial Institutions (... Read more
In 2018, Morgan Stanley released The Trillion Dollar Blindspot, spotlighting how skewed investment practices are towards white male entrepreneurs, and how entrepreneurs of color lack the access to the social networks that white-owned businesses... Read more
Small businesses that received Paycheck Protection Program loans from community development financial institutions graded those lenders well for customer satisfaction in a new Federal Reserve survey of 15,000 businesses, American Banker reports... Read more
Even after the U.S. Small Business Administration expanded availability to the groups hit hardest by the Covid-19 economic downturn, local lenders and business experts say more needs to be done to help underserved businesses.
Community First Fund President and CEO Dan Betancourt frequently visits the businesses his community development financial institution, or CDFI, serves. A recent visit to a Vietnamese restaurant displayed the information gap that hurts so many... Read more
Hope Enterprise Corporation, with a commitment from Goldman Sachs 10,000 Small Businesses of up to $130 million, has partnered with seven cities, and nine historically Black colleges and universities (HBCUs) to launch the Deep South Economic... Read more
Despite being the fastest-growing segment of the U.S. small business ecosystem, Latinos continue to struggle to secure capital from national banks.
That’s according to the State of Latino Entrepreneurship 2020 research study from the... Read more
Americans want to support their local economy by shopping small. More than half—53%—of consumers indicated that they are more likely to buy from a local business than a national retailer during the coronavirus pandemic, according to ZypMedia, a... Read more