Discover and read the best of Twitter Threads about #CDFI

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This week’s #GOPCThread is an appreciation thread honoring all the amazing people & orgs that make @GreaterOhio who we are. You can never say thank you too many times!
GOPC has had, and continues to have, the best board ever. S/O to board members whose many years of service ended in 2021: @MoertlP of #GrovedaleConsulting; #MichaelBeazley of @thelandbank; and #ShawnBunt of @Chase
@MoertlP @thelandbank @Chase (1/3) And a Big Shout Out to board members who will be part of 2022 + beyond:@CarrieArblaster of @CincyRealtors; #GlendaBumgarner of @OhioSE/API; #MelissaJohnson of @Al_Neyer; @sheldonkjohnson of @FifthThird…
Read 17 tweets
What does the 2020 Dem Platform say about #COVID19? Time to acquaint ourselves with the #DemPartyPlatform for 2020. A platform is guiding principles of a party/goals, vision, mission, promise. Only one party has a platform for the next four years/this is The Peoples Platform 1/15
The #COVID19 pandemic has hit small businesses especially hard. Democrats support making significant, immediate grants and loans to help small businesses make payroll, pay rent and other expenses, and keep their doors open when possible. 2/15 #DemPartyPlatform
Some estimates indicate as many as 40% of Black-owned small businesses may not survive the #TrumpRecession &small businesses owned by Asian Amer/Pacific Islanders/Latinos are also at risk. Dems will prioritize support for entrepreneurs of color, as well as female businesses. 3/15
Read 15 tweets
For those who are paying attention to the stimulus package just passed and are wondering, “what the heck is a Community Development Financial Institution (#CDFI)?” Short answer: they are the greatest thing that you’ve never heard of.

A thread.
CDFIs were created in the 1970s as a response to discriminatory financing practices from banks (redlining, racism, etc.) As CDFI leader Mark Pinsky puts it, they were “an experimental approach to community building and anti-poverty efforts” brookings.edu/articles/takin…
They were set up to create a grass roots financial system to serve the people, businesses and communities that the banks deemed “un-bankable” (i.e., non-white, poor communities). Today, they are 1,142 community-based loan funds, credit unions, & banks across the country.
Read 16 tweets
.@FSCDems Subcomm on Diversity & Inclusion's Race & Gender-Based Wealth Gaps Hrg:

Chairwoman @RepBeatty (D-OH-3)'s Opening Stmt, where she referenced Richard Rothstein's #ColorOfLaw. @EconomicPolicy @TMI_LDF #RacialWealthGap
epi.org/publication/th…

c-span.org/video/?c481930…
.@FinancialCmte Subcomm on Diversity & Inclusion's Race & Gender-Based Wealth Gaps Hrg:

Ranking Member @RepAnnWagner (R-MO-2)'s Opening Stmt.

@payscale 2018 #GenderPayGap
payscale.com/hr/gender-pay-…

@RepStefanik #HR1935 #WageEquity
govtrack.us/congress/bills…

c-span.org/video/?c481931…
.@FinancialCmte Subcomm on Diversity & Inclusion's Race & Gender-Based Wealth Gaps Hrg:

Ranking Member @PatrickMcHenry (R-NC-10)'s Opening Stmt.

McHenry supports financial literacy training, FMLA changes, childcare policies & higher STEM participation.
c-span.org/video/?c481931…
Read 25 tweets

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