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Opportunities for a More Sustainable and Inclusive Economy Beyond the First 100 Days
June 14, 2021
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David K. Gibson
In the first 100 days of the Biden administration, there was a focus on what the government should do to create an economy that works for everyone. Considerably less attention was focused on what businesses, investors, and advocacy groups could do to get us closer to that goal and how they might work with the government to achieve that.
To look at where the business and investor communities stand and at where they might be going the Aspen Partnership for an Inclusive Economy, JUST Capital, and US SIF: The Forum for Sustainable and Responsible Investment gathered leaders who have been thinking about our present problems and looking for a path to a more equitable tomorrow. The conversation featured 13 experts in the field including Senator Mark Warner of Virginia and Bharat Ramamurti, deputy director of the White House National Economic Council.
Columbus CEO
JPMorgan Chase has announced expanded second chance hiring efforts in Columbus as an effort to break down barriers for those with criminal backgrounds and provide an inclusive hiring pipeline.
The global financial services firm launched a community-based hiring model that will help ex-offenders secure employment. These efforts aren’t new, however, with 10 percent of 2,100 JPMorgan Chase hires in 2020 having previous criminal charges.
The major push toward reentry efforts began in Chicago, says Monique Baptiste, vice president of workforce strategy, corporate responsibility at the bank. The firm began looking at its hiring processes and found minor changes could make a big impact in providing equal opportunity.
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02/24/2021 08:00 AM EST
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NEW YORK, Feb. 23, 2021 /PRNewswire/ JPMorgan Chase today announced initiatives to further support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs), as part of the firm s recently announced $30 billion commitment to advancing racial equity.
MDIs and CDFIs provide vital financial services in communities that are often underserved. In order to provide this necessary funding to underrepresented communities, many MDIs and CDFIs need additional capital themselves.
These new initiatives are focused on strengthening minority-owned and diverse-led financial institutions by providing additional access to capital, connections to institutional investors, specialty support for Black-led commercial projects and mentorship and training opportunities.