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The Aspen Institute and the Microfinance Impact Collaborative recently announced the creation of the Entrepreneur Backed Assets (EBA) Fund, which will strengthen the capacity of community-based financial institutions to lend to small businesses in low-income communities and those owned by people of color. The fund, which will create a secondary market for loans originated by community-based microlenders, has been launched with initial grant funding from the Citi Foundation, the Bill & Melinda Gates Foundation, and the Robert Wood Johnson Foundation. Microsoft Corporation and Woodforest National Bank are making the first capital investments in the Fund. I spoke with Joyce Klein, Director of the Business Ownership Initiative at the Aspen Institute, and Janie Barrera, President and CEO of LiftFund, one of the nation’s largest nonprofit microlenders, about this work. ....
Statement about today's riot in Washington, DC - The Aspen Institute aspeninstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aspeninstitute.org Daily Mail and Mail on Sunday newspapers.
Helping Small Businesses Grow: A Conversation With Richenda Van Leeuwen aspeninstitute.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aspeninstitute.org Daily Mail and Mail on Sunday newspapers.
Predictions for Business & Society in 2021 Will the turning of the calendar mean the turning of a page on the crises of 2020? This question is surely top of mind as 2020 nears its end. Yet, it’s a question complicated by the fact that, while 2020 will be remembered as the year of COVID-19, the pandemic revealed an array of other, longer-standing issues: economic inequality, systemic racism, stresses on democracy, and the rising threat of climate change. Sometimes with changes in words, and sometimes with changes in action, in 2020 the business world signaled that it had a part to play in meeting these challenges. To determine what will truly outlast this year and whether it might really lead to a better world we asked leaders in social impact, business, and academia: ....
Corporations play a critical role in closing the wealth gap and confronting systemic racism in America. Taking a hard look at diversity in their workforce, supply chains, and customer base will pay off not just in a better corporate image but in an improved economy that benefits everyone, including the corporations. “We as leaders, those of us in positions of power, have an obligation to stand up and act as true corporate citizens,” says Dan Schulman, CEO of PayPal. “It also gives us competitive advantage when we do that.” Schulman and Ariel Investment’s co-CEO Mellody Hobson discuss corporate responsibility, financial literacy, supporting small businesses, and more. The Aspen Institute’s CEO ....