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Building an Inclusive Economy Through Community-Based Financial Institutions: A Conversation with Joyce Klein and Janie Barrera

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. ....

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Economic Opportunities Program Newsletter, January 2021

Economic Opportunities Program Newsletter, January 2021
At the Aspen Institute Economic Opportunities Program, and for our many colleagues and partners, the ongoing and intertwined health, economic, and racial justice crises bring new urgency to our work to improve access to quality jobs, options to participate in business ownership, and the freedom to pursue economic opportunity. Below we share our monthly newsletter with highlights of recent work. As always, we welcome your feedback, thoughts, and partnership in advancing inclusive opportunity and an economy in which we all can thrive. Click here to subscribe.
Joining Forces on the Future of Work
We are pleased to announce that the Institute’s Future of Work Initiative (FOWI) has merged with EOP. FOWI was established in late 2015 to develop bipartisan policy recommendations to address the challenges American workers face in a changing economy. FOWI’s emphasis on policy development complements EOP’s decades of r ....

New York , United States , Sloan School , Danny Castro , Heffernan Thomasp Miller , Joe Raso , Markg Popovich , Ramona Schindelheim , Jose Corona , Linda Nguyen , Alex Swartsel , Amanda Newman , Upskill America , Betsy Biemann , Ranita Jain , Jenny Weissbourd , Karen Biddle Andres , Terrill Haigler Ya Fav , Angelina Drake , Maureen Conway , National Perspectives , Anniee Casey Foundation , Aspen Institute Job Quality Tools Library , Economic Opportunities Program , Good Companies Jobs , Workforce Development Institute ,

A New Tool to Address the Racial Wealth Gap - The Aspen Institute

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. ....

Community Reinvestment , Microsoft Corporation , Community Development Finance Institutions , Business Ownership Initiative , Melinda Gates Foundation , Robert Wood Johnson Foundation , Assets Fund , Aspen Business Ownership Initiative , Citi Foundation , Woodforest National Bank , Community Development Finance Institutions Cdfis , Institute Economic Opportunities Program , Black Lives Matter , Economic Opportunities Program , Microfinance Impact Collaborative , Entrepreneur Backed Assets , Community Reinvestment Act , Robert Wood Johnson , சமூக மறு முதலீடு , மைக்ரோசாஃப்ட் நிறுவனம் , சமூக வளர்ச்சி நிதி நிறுவனங்கள் , வணிக ஓநர்‌ஶிப் முயற்சி , மெலிண்டா வாயில்கள் அடித்தளம் , ராபர்ட் மரம் ஜான்சன் அடித்தளம் , சொத்துக்கள் நிதி , ஆஸ்பென் வணிக ஓநர்‌ஶிப் முயற்சி ,