Five Black businesses to receive $2.6 million in loans from foundation
The Columbus Foundation has made its first loans to minority small businesses under new program made to address racial inequities.
Source: dispatch.com
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Big Banks Are Committing $10 Billion to Tackling Racial Inequity. Here's How to Get a Piece
Photo: Getty Images/Illustration: Chloe Krammel Almost a year after the death of George Floyd, major banks and asset managers are committing billions towards addressing the effects of racial disparities in financial services. On Tuesday, eighteen financial institutions including BlackRock, Morgan Stanley, Goldman Sachs Group, Bank of America, and Citigroup agreed to set aside $10 billion for businesses owned by people of color over the next five years. The money is meant to benefit underrepresented founders through increased contracting, funding, and capability-building, with the g...
Source: inc.com