The growing racial wealth gap is a key concern of asset funders. One of the primary ways in which households build wealth is through business ownership. However, racial and ethnic minorities have historically been challenged to access the resources (capital, information, markets) needed to start and grow businesses. Micro and small business development strategies and programs, which have historically targeted minorities, are tools for narrowing the racial wealth gap.
Attendees joined AFN on July 16 at 12pm CST/1pm EST for a briefing and discussion to engage funders in a conversation about what we know about business ownership and wealth creation, and ways that they can help strengthen the effectiveness of business ownership as a wealth-building tool for people of color.
- Joyce Klein, Director, FIELD at the Aspen Institute
- Jeanne Wardford, W.K. Kellogg Foundation
- Daniel Delehanty, Capital One Bank
Moderator: Annika Little, Asset Funders Network
AFN Grantmaker Brief: Building Assets Through Microbusiness, by Joyce Klein, Director, FIELD at The Aspen Insititute