ImpactAlpha, May 26 – New York Gov. Andrew Cuomo may have been listening in to ImpactAlpha’s Agents of Impact call last week. The state’s New York Forward Loan Fund will channel $100 million through five local community development financial institutions to the kind of small, minority-owned businesses that have been left behind in hastily prepared
The blueprints for a racially inclusive recovery already are taking shape in communities across the country.
As America re-opens, “the death of Main Street” could spark a broad rethinking about the role of community development financial institutions, or CDFIs, and other channels to support underserved small businesses.
“This should be a warning sign,” says Lila Holzman of As You Sow, which last year filed a shareholder resolution asking DowDupont to address flooding risk.
The COVID pandemic has only underscored Olamina’s mission.
U.S. non-financial corporations still are sitting on over $4 trillion in cash. How they deploy it before, during and after the pandemic is becoming both a political and management issue that could shape the economy for decades.
Forget buybacks. Companies looking to build a business environment of shared prosperity have a range of options.