FSIC is proud to host the next in a series of meetings on the State of Health for Black Men in America. This event will focus on COVID – Myths, Facts & Fears.
Category: Media
Statement of Support for Dominion Energy Diversity and Inclusion Efforts
FSIC hopes through the continued support of economically responsible companies like Dominion Energy, some of the poorest and underserved communities in the country can start to participate in the new economy and strengthen the economy for all Americans.
Brown, Booker, Harris Introduce Senate Resolution Declaring Racism a Public Health Crisis
“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.
FSIC American Innovation and Opportunity Fund (AIOF) Awarded Duke Energy Foundation Powerful Communities Grant
The Looming Real Estate Crisis Plus Opportunity Zones Will Exponentially Expand the Wealth Gap
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
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
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.