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Banking Relationship: How and Why?

February 3, 11:00 am EST - 12:00 pm EST

Free

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Having an established relationship with a lender is a hallmark of good business and maintaining that relationship is imperative. If a small business owner waits to do this until they suddenly have a need for financing, it can be too late. This was true of the Paycheck Protection Program finding. Research showed that businesses that had a previous relationship with a banker were more likely to obtain loans through the PPP during the initial release.

Establishing trust and a relationship with a banker should be a priority for minority and women entrepreneurs as it can be the difference between receiving needed funds or not.

Join Heidi Sheppard, Project Director of the DC Women’s Business Center, Kristina Sicard from Chase Bank and Oscar Guillen from the Latino Economic Development Center discussing how and why women entrepreneurs should establish and nurture a banking relationship.

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Details

Date:
February 3
Time:
11:00 am EST - 12:00 pm EST
Cost:
Free
Event Category:
Website:
https://members.dcwbc.org/workshop.aspx?ekey=11410004

Redlining and Neighborhood Health

Before the pandemic devastated minority communities, banks and government officials starved them of capital.

Lower-income and minority neighborhoods that were intentionally cut off from lending and investment decades ago today suffer not only from reduced wealth and greater poverty, but from lower life expectancy and higher prevalence of chronic diseases that are risk factors for poor outcomes from COVID-19, a new study shows.

The new study, from the National Community Reinvestment Coalition (NCRC) with researchers from the University of Wisconsin–Milwaukee Joseph J. Zilber School of Public Health and the University of Richmond’s Digital Scholarship Lab, compared 1930’s maps of government-sanctioned lending discrimination zones with current census and public health data.

Table of Content

  • Executive Summary
  • Introduction
  • Redlining, the HOLC Maps and Segregation
  • Segregation, Public Health and COVID-19
  • Methods
  • Results
  • Discussion
  • Conclusion and Policy Recommendations
  • Citations
  • Appendix

Complete the form to download the full report: