Posts and News Releases

  • Brown, Booker, Harris Introduce Senate Resolution Declaring Racism a Public Health Crisis Posted on: July 31, 2020

    “We will not make progress until we acknowledge and address all of the ways that centuries of racism and oppression have harmed Black and brown Americans,” said Senator Brown. “This resolution is an important step toward recognizing the racial disparities in healthcare that have existed for far too long while also outlining concrete action we can take now to help reverse them. Though this resolution is not a solution in and of itself, it will help to lay the foundation for change that is continually subverted by and for the status quo. I am proud to join my colleagues in introducing this important resolution.”

  • The Financial Services Innovation Coalition (FSIC) has issued the following statement about the passing of U.S. Representative John Lewis. Posted on: July 22, 2020
    The Financial Services Innovation Coalition (FSIC) has issued the following statement about the passing of U.S. Representative John Lewis. Rep. Lewis dedicated his life to the advancement of both civil and human rights. He was a man of compassion, justice and courage. He was committed to fighting for a better America. He believed in the […]
  • FSIC American Innovation and Opportunity Fund (AIOF) Awarded Duke Energy Foundation Powerful Communities Grant Posted on: July 13, 2020
    AIOF has been awarded a Duke Energy Foundation Powerful Communities Grant and is proud to partner with the Duke Energy Foundation on the FSIC AIOF Dream Creators Workforce Development Program. Over the last 3 years AIOF has been working to introduce more minorities to careers in the electrical utility lineman industry.  With Duke’s support, AIOF […]
  • The Looming Real Estate Crisis Plus Opportunity Zones Will Exponentially Expand the Wealth Gap Posted on: May 20, 2020

    It is not a secret that the real estate market is suffering during this COVID-19 pandemic. Social distancing has caused businesses to shutter which has led to a decline in commercial real estate values. With workers forced to stay home, many people are unable to pay their rents and mortgages. These delinquencies will eventually lead to a large number of evictions and foreclosures. Opportunity Funds are poised to take advantage of this suffering.

  • FSIC Releases White Paper - The Marshall Plan for the Economic Recovery of Black America Posted on: May 11, 2020

    As Americans deal with the ramifications of the Corona virus, the great racial disparities that have plagued African Americans for centuries have become starkly and deadly visible for all to see. An imperative exists for Congress to achieve the spirit of the 14th Amendment, the Civil Rights Act and enact affirmative remedies abolishing the residue of systemic racism. This inevitably requires developing a plan to save African American institutions including businesses, non-Profits, HBCUs and other entities serving traditionally under-resourced multicultural neighborhoods and communities.

 

Archived News Releases:

  • Brown, Booker, Harris Introduce Senate Resolution Declaring Racism a Public Health Crisis Posted on: July 31, 2020

    “We will not make progress until we acknowledge and address all of the ways that centuries of racism and oppression have harmed Black and brown Americans,” said Senator Brown. “This resolution is an important step toward recognizing the racial disparities in healthcare that have existed for far too long while also outlining concrete action we can take now to help reverse them. Though this resolution is not a solution in and of itself, it will help to lay the foundation for change that is continually subverted by and for the status quo. I am proud to join my colleagues in introducing this important resolution.”

  • The Financial Services Innovation Coalition (FSIC) has issued the following statement about the passing of U.S. Representative John Lewis. Posted on: July 22, 2020
    The Financial Services Innovation Coalition (FSIC) has issued the following statement about the passing of U.S. Representative John Lewis. Rep. Lewis dedicated his life to the advancement of both civil and human rights. He was a man of compassion, justice and courage. He was committed to fighting for a better America. He believed in the […]
  • FSIC American Innovation and Opportunity Fund (AIOF) Awarded Duke Energy Foundation Powerful Communities Grant Posted on: July 13, 2020
    AIOF has been awarded a Duke Energy Foundation Powerful Communities Grant and is proud to partner with the Duke Energy Foundation on the FSIC AIOF Dream Creators Workforce Development Program. Over the last 3 years AIOF has been working to introduce more minorities to careers in the electrical utility lineman industry.  With Duke’s support, AIOF […]
  • The Looming Real Estate Crisis Plus Opportunity Zones Will Exponentially Expand the Wealth Gap Posted on: May 20, 2020

    It is not a secret that the real estate market is suffering during this COVID-19 pandemic. Social distancing has caused businesses to shutter which has led to a decline in commercial real estate values. With workers forced to stay home, many people are unable to pay their rents and mortgages. These delinquencies will eventually lead to a large number of evictions and foreclosures. Opportunity Funds are poised to take advantage of this suffering.

  • FSIC Releases White Paper - The Marshall Plan for the Economic Recovery of Black America Posted on: May 11, 2020

    As Americans deal with the ramifications of the Corona virus, the great racial disparities that have plagued African Americans for centuries have become starkly and deadly visible for all to see. An imperative exists for Congress to achieve the spirit of the 14th Amendment, the Civil Rights Act and enact affirmative remedies abolishing the residue of systemic racism. This inevitably requires developing a plan to save African American institutions including businesses, non-Profits, HBCUs and other entities serving traditionally under-resourced multicultural neighborhoods and communities.

  • SBA And Banks Have Proven Themselves Unworthy of Stimulus Participation Posted on: April 20, 2020

    A lot has been made of the way banks have prioritized loan applications, choosing to help
    customers who have credit accounts first.
    It is clear small business owners were NEVER supposed to get any of the PPP Funding.

  • A Lawyers Role in Alleviating Inequities Through Advocacy Posted on: March 23, 2020
    By Kevin B. Kimble, Esq. This is an Op-Ed published in the National Bar Association Health Law Section In this election year and in light of the fallout from the Coronavirus outbreak, it is an important time to reflect on the need for legislative advocacy on behalf of the African American community for health inclusion. […]
  • "The Reason Opportunity Zones Won’t Work and What to do About Them" FSIC Senate Roundtable Luncheon Posted on: May 15, 2019
    FSIC Opportunity Zone Senate Roundtable Save the Date 6-18-19 The Financial Services Innovation Coalition (FSIC) invites you to join us for a roundtable discussion titled: ” The Reason Opportunity Zones Won’t Work and What to do About Them”. This discussion will be held Tuesday, June 18, 2019 in the Senate Budget Committee Conference Room at […]
  • “We Won the Civil Rights Battle but are We Losing the Inclusion War?” Capitol Hill Roundtable Luncheon Posted on: April 23, 2019
    Our Colleagues at the Partnership for Innovation and Empowerment in association with the Southern Christian Leadership Conference are hosting a Capitol Hill Roundtable Luncheon on Friday April 26th at 12:00 pm EDT at the Rayburn House Office Building Room 2060. Please click the link for a copy of the invitation/flyer. PIE SCLC Minority Economic Inclusion […]
  • Letter to Jamie Dimon of JPMorgan re: segregated investment funds Posted on: April 17, 2019

    Dear Mr. Dimon,
    We are writing you to express our concerns over your announced creation of your “segregated” fund for minority businesses. This effort concerns us greatly and we fear it sends the wrong message. We do not understand why you feel the need to segregate out your investments in minority businesses. Why is it you cannot invest in Black businesses as part of your regular business strategy?

  • Congress and Cannabis Must Find a Way to Get Along Posted on: March 8, 2019
    On few issues are voters and federal policymakers more out of sync than on cannabis, particularly its medical use. States legislatures and voters, through ballot initiatives, are increasingly signaling their willingness to support reasonable solutions, while federal policy continues to be stuck and – worse still – contradictory. Click here for full version of FSIC/21st […]
  • FSIC Sends Letter to Congress Asking for Better Opportunity Zone Rules to Ensure Target Communities Participate in Benefits Posted on: February 28, 2019
    FSIC Letter to the U.S. Senate FSIC Opportunity Zone Comment Letter Feb 2019 Senate Finance 2-27-19 FSIC Letter to the U.S. House of Representatives FSIC Opportunity Zone Comment Letter Feb 2019 House Ways Means 2-27-19 Letter in Support of FSIC Position on Opportunity Zone Rules from Bretton Woods, Inc. Bretton Woods Opportunity Zone Letter – […]
  • FSIC Sends Letter to Congress in Support of HR 41 The Rescue Act for Black and Community Banks Posted on: February 22, 2019
    FSIC Support Letter HR 41 2-19-19 Link to complete H.R.41 text:  https://www.congress.gov/bill/116th-congress/house-bill/41/text      
  • A Growing Crisis In The Credit Market: The Plight of The Unbanked and Underbanked in America Posted on: August 5, 2012
    Symposium: September 2011 A Growing Crisis In The Credit Market:  The Plight of The Unbanked and Underbanked in America Washington, DC

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