According to The Inflation Reduction Act and the Black Community, August 2022 report by Creative Investment Research, the figure represents spending and tax rebates that could flow back into the Black community over nine years. The nearly $740 billion health care, tax, and climate bill became a law after President Joe Biden signed it last […]
Author: minoritybank
Social Justice and Racial Equity Websites
The U.S. Economy Improved in the Second Quarter of 2022
The U.S. economy improved in the second quarter of 2022. Real GDP fell by 0.9% in Q2 after falling 1.6% in the first. Personal consumption expenditures (PCE), the value of the goods and services purchased by, or on the behalf of, “persons” who reside in the United States, increased $181.1 billion (1.1 percent). The PCE […]
Minority Bank Assets, by Group, 2001-2021
The chart above shows minority bank assets by ethnic group, by year from 2001 to 2021. It details Hispanic bank assets falling relative to Asian bank assets starting in 2005. The chart above shows minority bank assets as a percentage of 100% by year from 2001 to 2021. It shows a decline in Hispanic bank […]
Mid-Year 2022 Minority Bank and Thrift Review
The number of minority banks in the US held steady at between 168 and 174 in the second quarter of 2022. Asian owned banks, concentrated in California, hold 51% of assets, with 77 institutions., Hispanic banks, concentrated in Florida and Texas, number 33 institutions and hold 42% of assets, followed by Women-owned banks (17 institutions […]
Fixing Abortion And Black Maternal Mortality Is NOT Up To the Supreme Court. It’s Up to the Fed…
Black women die in childbirth at disproportionate rates compared to their white counterparts. Research conducted by the Centers for Disease Control and Prevention (CDC) clearly shows that social determinants – access to nutrition, transportation, and healthcare——are crucial factors. See: https://www.impactinvesting.online/2022/06/fixing-abortion-and-black-maternal.html
Repeal the Community Reinvestment Act
BankThink. American Banker Newspaper, June 22, 2022 Repeal CRA The Community Reinvestment Act was enacted in 1977 “to address inequities in access to credit for low- and moderate-income individuals and communities.” The law should be repealed and replaced. Like hanging a crystal chandelier in a lean-to shack, any efforts to revise the law are a […]
NEW REPORT SHOWS RACISM DISCOURAGES BLACK BUSINESSES FROM FUNDING
As reported in Black Enterprise Magazine, “While multiple reports have shown rising interest in financing Black-owned small businesses, a new study shows an underlying problem still remains. According to the “State of Minority Business, March 2022” report by Creative Investment Research, there has been less understanding of the core issues small Black-owned firms face in […]
Federal Government Spending with Black Businesses Entrepreneurs
From Chap 2: Thriving As a Minority-Owned Business in Corporate America – Building a Pathway to Success for Minority Firms. https://www.impactinvesting.online/2022/04/federal-government-spending-with-black.html
Black communities need more help from the Fed
Black people need a truly collaborative and cooperative effort — in and by the Black community — a community often trained to be cutthroat to each other given the paucity of resources at its disposal.