A New Tool to Address the Racial Wealth Gap
From the Black Lives Matter movement, to the pandemic, to the election, the year’s events have put systemic inequality front and center. The persistent and growing racial wealth gap, long-standing disparities in access to opportunity, and the disproportionate impact of the pandemic on small businesses owned by people of color have rightfully received a lot of attention.
However, recognizing those problems doesn’t tell us what to do about them. The Institute’s Economic Opportunities Program and Business Ownership Initiative have been working on some of these issues for decades. One of the thorniest problems we are still tackling is how to get more capital to small businesses owned by women and people of color in low-income communities.