City sets up first Black-led community development loan fund

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11 thoughts on “City sets up first Black-led community development loan fund

  1. How come there is no link to the Black Onyx study, although there is for the other sources in this article? Seems like if the city is committed to funding a new CDFI the study that was the basis should be publicly available.

  2. STR – Wow! Such negative comments above….so sad. There are plenty of talented and skilled people with the experience of state, local and federal gov’t experience here in Indianapolis, so a national search is not necessary. Stop looking for the person to fill the image with titles, degrees and a bunch of letters after their name who does not understand the community they are serving, by once walking in their shoes. Forming a realistic plan is key to the success of this program along with providing proper training, mentoring and commitment from all stakeholders. Let’s not do this to check off another box, but to truly make a difference so it may be paid forward in the future.

  3. Allocating taxpayer dollars on the basis of race… what could possibly go wrong?!?

    Another win for the “equity” warriors pushing their divisive agenda.

  4. “Equity1821, for example, will have to do 60% of its transactions with … non-white organizations, according to Wolley.”

    Do people really think this is a good long term solution for Indianapolis? Seems so divisive.

  5. Christ Donnie. SMDH… You are obviously from fishers or Carmel – otherwise you know that black business owners have been denied capitol for generations. It’s not about special advantages, it’s about making up for disparities created by decades of racism. But go ahead, play the white victim. What a joke.

    1. The solution is not discriminate capital allocation into the future on the basis of race. It is equal opportunity to access capital, regardless of race.

      You can make call all you want.

      I am talking principals for systems that work in the long run.

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