Tag: small business
Community development financial institutions lend to micro- and small-business owners, but the jobs those businesses create are often minimum wage, part time, or otherwise low quality. What makes a job a good job, and what are CDFIs doing to help small-business borrowers create good jobs?
Data on the pandemic shows once again the dramatic consequences of racial inequalities. CDFIs must focus on ensuring equity for Black-owned businesses.
Restoring a community's culturally significant site in Albuquerque to be a true economic resource as well as a source of healing.
A. Not very much. Despite the claims of many states, when you look at the numbers, the vast majority of taxpayer dollars directed to economic development go to big corporations.
Jay Williams was the mayor of Youngstown, Ohio, from 2006 to 2011, at a time when Youngstown was attracting notoriety for making the unusual assertion that, rather than longing for its bygone glory days before the steel mills closed, it was going to embrace a vision of becoming a smaller, yet more vibrant city. (See Shelterforce’s “Small Is Beautiful, Again”, for more on this approach and how it affects low-income residents.) Williams is now assistant secretary of commerce for economic development, and administrator of the Economic Development Administration. Prior to joining the U.S. Department of Commerce, Williams served as the executive director of the Office of Recovery for Auto Communities and Workers, and he also served in the White House as deputy director for the White House Office of Intergovernmental Affairs. In this position, he led efforts to engage mayors, city council members, and county officials around the country.
Shelterforce spoke with Williams at the conference of the National Alliance of Economic Development Associations last fall in San Antonio.