2020 National Virtual Black and Latino Economic Summit
Economic Recovery: Moving from Exclusion to Access and Opportunity for Black, Indigenous, People of Color (BIPOC) owned Small Businesses
December 10 @ 12:00 pm - 1:30 pm
Join us to hear from some of California’s leading organizations doing groundbreaking work to support the state’s diverse small businesses as they struggle to survive COVID’s economic impacts. Community Development Financial Institutions, community-based lenders, advocates, and other community-based organizations are finding innovative ways to support BIPOC small businesses. Come hear from leaders in the field about the best practices, discuss how we can get to scale, and contribute to the conversation to support California’s small businesses.
BIPOC owned small businesses have had less access to affordable credit and financial services due to structural racism baked into the banking system, this has resulted in less access to the PPP loan program, a lifeline for small businesses in the early days of the pandemic. The result? The New York Federal Reserve found that 41% of Black-owned businesses across the country shut down between February and April, about 32% of Latino businesses and 26% of Asian businesses shut down over the same time span, compared to 17% of white businesses during the same period.
It takes an ecosystem of changemakers to shift the current reality of financial exclusion and extraction to one of access and opportunity for Black, Indigenous, and other People of Color owned small businesses. Join us for this important conversation.
Panelists include:
Tate Hill
Executive Director of Access Plus Capital
Maribel Garcia
Senior Associate, Economic Development Initiatives of Inclusive Action for the City
Trevor Parham
Co-founder / General Partner of the Oakland Black Business Fund
Ron Fong
Executive Director, Asian Pacific Islander Small Business Program
Details
Date: December 10
Time: 12:00 pm - 1:30 pm
Website: https://us02web.zoom.us/webinar/register/WN_w6KKtSvNQ6OJCeOuuRO58w
Date and Time
Thursday Dec 10, 2020
12:00 PM - 1:30 PM EST
December 10 @ 12:00 pm - 1:30 pm
Website: https://us02web.zoom.us/webinar/register/WN_w6KKtSvNQ6OJCeOuuRO58w
Location
Virtual