Rate of homeownership for Black Americans. Courtesy Photo.
Over the past year, COVID-19 and its variants have plagued the globe taking lives and interrupting normal activities in virtually all areas of life. For Black America, already plagued with steep health, income and wealth disparities, coping with the pandemic has been even more painful.
With less income, higher unemployment, and less access to financial resources, both businesses and consumers alike strive to hold on for much-need relief. In many cases, modest financial resources are either gone or near their end, and the patience to cope has worn thin.
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In response, an unparalleled coalition of more than 100 national, state and local advocates are pressing Congress and the Biden Administration for substantive changes to deliver equitable relief to underserved communities. Foremost in the coalition’s concern was getting Paycheck Protection Program (PPP) funds to deserving but largely left out businesses fr
Housing Help Demands $10 Billion in Direct Payments eurweb.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurweb.com Daily Mail and Mail on Sunday newspapers.
How do you create conditions to allow healthy and resilient communities to flourish? That’s the question that first catapulted Deborah Frieze, co-founder and president of Boston Impact Initiative (BII), into action.
Prior to founding BII, she’d worked at the Berkana Institute, studying complex adaptive systems and systems change. She’d noted inequality in the American economic system a system she realized was “generating inequality by design” and the particular race-based nature of how inequality manifested. When it came to battling that inequality, Frieze’s hometown felt like a critical place to start.
Boston is one of the most unequal cities in the country when measured by income. When measured by wealth homeownership, control over assets, and other tools that allow people to rise above economic hardship that disparity becomes startlingly clear. A 2015 study showed that in the greater Boston area, the median net worth of a white household (meaning the value o
MentorWorks Partners with Boston Impact Initiative (BII) and ECMC Foundation on Innovative Income Share Agreement (ISA) Option for Diverse Students in Boston
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MentorWorks partners with Boston Impact Initiative (BII) and ECMC Foundation to bring an innovative Income Share Agreement (ISA) option to fund the education of students, primarily of color, attending community & technical colleges in Boston. BOSTON (PRWEB) January 13, 2021 MentorWorks announced today that it has partnered with non-profit organizations, Boston Impact Initiative (BII) and ECMC Foundation, to create the MentorWorks Students First ISA Fund I. With committed capital of up to $450K, the Fund is dedicated to assisting Boston-based students, primarily of color, attending community & technical colleges.
Fast-growing City Fresh Foods sells a minority stake to its employees
Partners Sheldon and Glynn Lloyd say itâs a way to address inequity
By Jon Chesto Globe Staff,Updated January 7, 2021, 3:53 p.m.
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City Fresh Foods management is selling a stake in the business to its workers via an employee stock-purchase program. CEO Sheldon Lloyd posed at the company.Jonathan Wiggs/Globe Staff
City Fresh Foods in Roxbury is in high demand, as the food provider has raced to distribute locally produced meals to homes in and around Boston during the pandemic on behalf of various nonprofit agencies.