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Rebuilding Black-Owned Businesses After COVID-19 - The Good Men Project

Rebuilding Black-Owned Businesses After COVID-19 The pandemic hit Black entrepreneurs especially hard. To recover, we need to treat the pre-existing conditions. By Dedrick Asante-Muhammad, Joshua Devine With over half of American adults now at least partially vaccinated, many of us are beginning to imagine a future beyond the pandemic. But for the many small businesses that didn’t survive, there’s no “after.” Black-owned businesses have been especially hard-hit. That’s because even after three pandemic relief packages, there’s an elephant in the room that every resource, policy, and program is failing to address: the preexisting conditions of Black entrepreneurs.

Biggest impediment to mortgage growth? Shortage of new homes

Biggest impediment to mortgage growth? Shortage of new homes
nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.

Banks are closing at record rates in the US, presenting a problem for rural communities

Banks are closing at record rates in the US, presenting a problem for rural communities CDFIs look to fill the void left by bigger banks and last updated 2021-04-19 13:37:08-04 Cash a check, talk about loans, that’s what you visit a bank for. But at Southern Bancorp, there’s a little more to it. “Southern Bancorp is a CDFI, and that stands for community development financial institution,” explained Nathan Pittman, Senior VP for Policy and Communications at Southern Bancorp. “And that is a treasury designation for banks, credit unions, loan funds who exist to serve an underserved population.”

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