CRF’s Director of Community Advancement, Anisha Murphy, Esq., wrote a compelling opinion piece for MinnPost in the wake of the Derek Chauvin murder conviction. The article pinpoints the role economic racism plays in driving social and institutional racism.
We need a financial system that priorities equity and access to capital for BIPOC-owned businesses. We can do this by re-imagining the small business lending ecosystem at the community level. It requires collaboration between the private sector, public officials, BIPOC-owned businesses, community leaders, and the financial services industry.
The bottom line: communities are more equitable and stronger when the business community reflects the people it serves. And we have the power to make real change when we keep equity, access and fairness top of mind.