Invest in Black business to bridge the race gap, says US non-profit

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Sverige Nyheter Nyheter

Growing up in a working-class, Black family in Baltimore, Maryland, Rodney Foxworth saw his parents working “doubly hard” to get by — taking on multiple jobs, with their health sometimes paying the price.

One such recent effort is an $800,000 “character-based” lending fund to facilitate loans to BIPOC entrepreneurs in the states of Minnesota, New Mexico, and Ohio.

“They're walking the walk — shifting the conversation to get philanthropic organisations to think differently,” Rasmussen said. There has been increased debate about racial and income inequality in the US since the Black Lives Matter protests and the start of the pandemic, with the COVID-19 crisis spurring Common Future to launch a major new initiative in 2020.

“I was really proud of how we were able to make that commitment — 10% ,” Foxworth said. “We got the dollars out very quickly.”

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

They want to be told by Americans

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 13. in SE

Sverige Senaste nytt, Sverige Rubriker