Press Release, San Francisco, CA—In today’s economy, the prevalence of “good jobs” is diminishing. On paper, the standard unemployment rate is hovering at all-time lows and America is in one of the longest sustained periods of job growth that we’ve seen. That’s on paper.
OFN’s first research publication of 2017, 20 Years of CDFI Banks and Credit Unions, 1996-2015: An Analysis of Trends and Growth, is a companion piece to 2015’s longitudinal
The facts are startling: Hispanic and black Americans have levels of wealth that are only one-tenth those of white Americans. There are many reasons why this is the case, but it is partly because they hold fewer business and financial assets.
Impact investing has the potential to play a major role in expanding capital sources for CDFIs, as was highlighted in OFN’s CDFI Futures report.