Giving Compass’ Take:
• Maurice A. Jones discusses how LISC, through a recent partnership with Netflix, is investing in Black communities with Black-led banks and other economic opportunities.
• Why does investing in Black communities require a focus on Black-led economic entities? What are you doing to invest in Black businesses in your community?
• Learn about the importance of investing in racial equity in corporations.
LISC CEO Maurice A. Jones recently joined Bill Bynum, CEO of HOPE Credit Union, and Shannon Alwyn and Aaron Mitchell of Netflix, for a Netflix webinar on strategies to spark economic opportunity and wealth creation in Black communities.
The wide-ranging conversation took place on the heels of a $25 million partnership from Netflix to LISC for investment in Black banks and other entities to ramp up economic activity that benefits Black communities.
“We are taking Netflix’ $25 million as seed investment for a much larger $250 million fund to both make deposits in Black-led banks and CDFIs” said Jones, “and provide capital for bridge and pre-development financing, participation lending and co-investments that ultimately reach Black small businesses.”
Watch the full video about investing in Black communities with Maurice A. Jones at LISC.
Economic Dev is a complex topic, and others found these selections from the Impact Giving archive from Giving Compass to be good resources.
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