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Just News

for December 15, 2023

News and views from the National Community Reinvestment Coalition. Find more at ncrc.org ([link removed] ) .

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Views

Case Study: How Catapult Greater Pittsburgh’s Storefront Incubation Programs Are Supporting Women Entrepreneurs Of Color

By Joshua Devine, NCRC

Accounting for 42% of all women who opened new businesses, the number of Black-women-owned firms grew by nearly 50% between 2014-2019. Even so, the devastating impact of the COVID-19 pandemic falling disproportionately on Black business owners did not deter Black women entrepreneurial growth. The National Association of Women Business Owners reported that of the 5% of women who started businesses, about half (47%) were Black women. [Read more ([link removed] ) ]

Case Study: How The El Paso Hispanic Chamber Of Commerce Is Ensuring Capital Readiness For Rural Hispanic Entrepreneurs

By Joshua Devine, NCRC

Latino-owned businesses (LOBs) are the fastest growing segment of the US business population and are becoming a major economic engine, according to the Annual State of Latino Entrepreneurship report. In recent years, LOBs have outpaced the growth rates of both White-owned businesses (WOBs) and US businesses in general, as measured by both number of businesses and amount of revenue. [Read more ([link removed] ) ]

Case Study: How Black Businesses Can Build Competitive Advantage For Anchor Procurement With The Atlanta Wealth Building Initiative

By Joshua Devine, NCRC

Across industries, the majority of African American-owned small businesses are concentrated in healthcare and social assistance. Despite the nearly threefold increase in Black entrepreneurship, the proportion of Black revenue decreased from 1% to 0.5% ([link removed] ) . In fact, Pew Research notes that most Black-owned businesses have relatively small payrolls and limited revenue generation. [Read more ([link removed] ) ]

News

Unprecedented Analysis Of Financial Needs In Indian Country Demands Change From Banks In Native American Community Development Investments

By NCRC

Traditional financial services providers are failing communities on and near tribal lands to such an extent that change is only possible if funders begin routing resources through locally operated and culturally attuned Native American organizations, a new report from the National Community Reinvestment Coalition and Native Community Capital has found. [Read more ([link removed] ) ]

NCRC Statement: House Majority’s Doomed Vote Against Section 1071 Rules Is An Attack On Small Business

By NCRC

House Republicans today passed a resolution to repeal vital small business data lending rules known as Section 1071, a resolution President Biden has pledged to veto. National Community Reinvestment Coalition President and CEO Jesse Van Tol released the following statement. [Read more ([link removed] ) ]

Research

NCRC’s Guide To The 2023 Community Reinvestment Act Final Rule

By Kevin Hill, NCRC

The Retail Lending Test is much more objective and transparent thanks to these changes. The expansion of the test’s reach and reformulation of its scoring process for large banks should make this CRA component’s incentives much stronger. [Read more ([link removed] ) ]

REDLINING THE RESERVATION: The Brutal Cost Of Financial Services Inaccessibility In Native Communities

By Dave Castillo, Bruce C. Mitchell, PhD, Jason Richardson, and Jad Edlebi, NCRC

Citizens on tribal lands live starkly different lives from Americans living in other areas: Tribal areas face infrastructure challenges not only in transportation connectivity and internet access, but in basic quality-of-life necessities like electricity, fresh water, sanitation and heating/cooling systems. [Read more ([link removed] ) ]

Events

2024 Just Economy Conference: Registration Now Open

By NCRC

We are so excited to invite you to join us in person from April 2-4 in Washington, DC. The super early bird tickets won't last much longer. Register today and save! [Register here ([link removed] ) ]

In the News

Report Shows Need For Mortgage Solutions On Tribal Lands

By RESPA News

A report released by the National Community Reinvestment Coalition and the Native Community Capital found traditional financial services are struggling to serve communities on and near tribal lands. [Read more ([link removed] ) ]

Washington Was An Icon Of Black Political Power. Then Came Gentrification.

By The DC Citizens Forum

A 2019 study by the National Community Reinvestment Coalition found that D.C. had the highest “intensity” of gentrification of any city in the United States between 2000 and 2013. A follow-up NCRC study found that D.C. then fell to 13th but the city didn’t have much space to climb in the rankings, said Jason Richardson, senior director of research at NCRC. [Read more ([link removed] ) ]

On Our Radar

California Is Desperate For Affordable Housing But Can’t Stop Getting In Its Own Way

By Will Parker and Christine Mai-Duc, The Wall Street Journal

The development has faced nearly every hurdle that California laws allow opponents to place in the way of affordable housing. Approvals by politicians and commissions took years, often held up by a single determined opponent on the city council. It took the developers more time to win over skeptical neighbors who were particularly opposed to nearby housing for the mentally ill and homeless. [Read more ([link removed] ) ]

Reflecting On "Neighborhood Character" In Salt Lake's Debate Over Multifamily Housing

By Erin Alberty, Axios

The Salt Lake City Council cleared the way last week for multifamily buildings in residential neighborhoods and added incentives for property owners to include more affordable units to help remedy the city's housing crisis. [Read more ([link removed] ) ]

Resources

Work And Meet At The Just Economy Club

It's a DC hub for nonprofits and the social sector, around the corner from the White House. Move your team into a private office or host your meetings and events or hang out in the lounge. [Read more ([link removed] ) ]

Learning & Training Hub

Register for NCRC's catalog of professional development courses for community development leaders. [Learn ([link removed] ) more ([link removed] ) ]

Research And Reports

We have an extensive library of research and reports that dates back many years! [View all ([link removed] ) ]

Racial Wealth Snapshots

Browse our catalog of socioeconomic briefs. [View all ([link removed] ) ]

Sign And Share The Just Economy Pledge

America should not only promise but deliver to all Americans opportunities to build wealth and live well. Sign and share the pledge to help us expand the movement for a Just Economy. [Sign and Share ([link removed] ) ]

Member Hub

NCRC members: Don't forget you have access to our member hub ([link removed] ) ! Learn more about membership here ([link removed] ) . You can join as an organization or an individual ([link removed] ) .

Fair Lending Tool

Use our interactive tool to produce a report on mortgages, small business lending and bank branch networks for any city, county or metro area in the nation. [Access the tool here ([link removed] ) ]

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