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Despite big influx of capital, Black banks say more is needed

Billions of government and corporate dollars are pouring into minority banks and community development lenders, complicating the efforts of some investment funds that had similar goals. Still, banks owned and run by African Americans say the equity infusions are small in the context of the nation’s wide racial wealth gap.

The Brief: Enterprise tech and small-business capital, finance justice, student-led VC, climate-proof coffee, disinformation risks, criminal-justice footprints

The Brief: Enterprise tech and small-business capital, finance justice, student-led VC, climate-proof coffee, disinformation risks, criminal-justice footprints
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Tech Companies Made Big Pledges to Fight Racism Last Year — Here's How They're Doing So Far

Airbnb 2020 commitment: Airbnb said it would donate a total of $500,000 to the NAACP and the Black Lives Matter Foundation. It also said it would match employee donations to both groups. The company also said that by the end of 2021, 20% of its board of directors and executive team collectively would be made up of people of color. By the end of 2025, Airbnb said, its goal is to have 20% of U.S. employees be underrepresented minorities and for 50% of global employees who identify in the gender binary to be women. Airbnb also said each member of its executive team would create and share a detailed plan to meet those goals with their teams.

Big Tech Flirts with Community Development

Big Tech Flirts With Community Development Todd Litman James Brasuell James Brasuell Richard Dion View Jobs See a full list of jobs in planning and related fields: urban design, architecture, landscape architecture, development, engineering, and more. View all jobs Post a Job Research thousands of planners, designers, architects, developers, and other professionals and academics who are working with the built environment. Post a job Top Schools Big Tech Flirts With Community Development Facing calls to invest in racial equity, companies like Netflix, Twitter, and others have recently pledged millions in new financing for affordable housing, small businesses, and other community development projects. Will they stick around?

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