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Race and Economy

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Race and Economy

Why investment in Black entrepreneurs is on the rise

by David Brancaccio and Rose Conlon
Jun 15, 2021
Many large companies are interested in both the cause and the financial returns, says Melissa Bradley of 1863 Ventures.
Melissa Bradley of 1863 Ventures has observed a dramatic increase in Black and brown entrepreneurship over the past year, aided by venture capital and corporate investment.
Courtesy 1863 Ventures
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Race and Economy

After years of setbacks, socially disadvantaged farmers get debt relief

by Richard Cunningham and Kai Ryssdal
Jun 10, 2021
Dewayne Goldmon of the Agriculture Department sees the aid as narrowing the economic gap between farmers of color and white farmers.
The Trump administration's farm bailout failed to provide a significant share of aid to Black growers, reports show. The Agriculture Department, adviser Dewayne Goldmon says, "should be more equitable."
Michael M. Santiago/Getty Images
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Race and Economy

Why aren't corporate boards diversifying more quickly?

by Meghan McCarty Carino
Jun 9, 2021
An new analysis of Fortune 500 companies finds that progress in diversifying corporate boards has been "painfully slow."
One challenge is that directors don’t tend to leave their board seats very often. Board members generally stick around for about a decade, said Yo-Jud Cheng, a business professor at the University of Virginia.
skynesher via Getty Images
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Race and Economy

Racial gap in appraisals devalues homes owned by people of color

by Natalie Moore
Jun 8, 2021
Lower home appraisal values contribute to the wealth gap between white communities and communities of Black and Latinx people.
Real estate agent Don Robinson said he has seen the devaluing of homes in Black neighborhoods in Chicago with little recourse for the owners.
Manuel Martinez/WBEZ
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Race and Economy

For many Black employees, working from home can provide relief from inequitable workplaces

by Kimberly Adams
Jun 8, 2021
Working from home can give Black workers a break from microaggressions, but it can also cut them off from their peers.
Remote work gives Black employees more distance from the microaggressions and discrimination they might experience in the workplace.
recep-bg via Getty Images
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Race and Economy

Nashville works to diversify its city-appointed boards

by Ambriehl Crutchfield
Jun 7, 2021
A vacancy on the all-white fairgrounds panel underscores the issue of how members of governing boards are selected.
Nashville hopes to bring a more diverse crowd to the fairgrounds property and may diversify the oversight board as well.
Tony Gonzalez/Nashville Public Radio
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Race and Economy

For chief diversity officers, a changed landscape after Floyd's murder

by Kristin Schwab
Jun 3, 2021
Head of diversity jobs doubled in five years and they're everywhere now. Turnover in these roles is also very high.
Companies are making more urgent changes, but work for CDOs can be exhausting, and turnover for the position is high.
PeopleImages via Getty Images
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Race and Economy

Biden administration says it will address racial inequity in home appraisals

by Andy Uhler
Jun 2, 2021
The government plans to use fair housing laws and regulatory action to address the racial disparity in home valuations.
President Joe Biden lays out policy proposals aimed at narrowing the racial wealth gap during a speech in Tulsa, Oklahoma.
Brandon Bell/Getty Images
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Race and Economy

An argument for new metrics for success in a new and more ethical capitalism

by David Brancaccio and Daniel Shin
Jun 2, 2021
SoulBranding founder Elsie Maio argues companies must measure effects on "the tangible well-being of humans ... of our planet."
"There are promises and there's a flood of purposeful branding campaigns out there. What are we measuring against? What is the impact? What's the change in focus?" Elsie Maio asks.
Prostock-Studio via Getty Images
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Race and Economy

Howard U hopes to "put a major dent" in Hollywood's diversity problem

by Marielle Segarra
Jun 1, 2021
The HBCU is naming its reestablished school of fine arts after late actor and Howard alumnus Chadwick Boseman.
Howard University has made several moves in recent years to try to make Hollywood more diverse. In 2019, it launched a partnership with Amazon Studios. Pictured: Howard President (second from left) and Amazon Studio's Global Head of Diversity, Equity and Inclusion Latasha Gillespie (second from right).
Brian Stukes/Getty Images for Amazon Studios
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