This Week in ESG and Impact Investing

According to news reports, "The Congressional Black Caucus Foundation, Inc. (CBCF)..(made a) $5 million (deposit) in African-American banking institutions as part of a broader effort to increase the availability of loans for businesses and individuals in African-American communities. In all, five banks will receive $1 million each" in deposits. The Foundation, "established in 1976, is a non-partisan, non-profit, public policy, research and educational institute intended to broaden and elevate the influence of African Americans in the political, legislative and public policy arenas." The banks are: Chicago-based Seaway Bank and Trust Co.  New Orleans-based Liberty Bank and Trust Co.  Washington, DC-based Industrial Bank Newark, NJ-based City National Bank Durham, NC-based M&F Bancorp  This effort was spearheaded by Ron Busby, Sr., CEO, U.S. Black Chambers, Inc. (pictured right). All in all, a good move. This is modeled on efforts we spearheaded ov...

If the 49ers knew and this is true…That special legislation was passed  so that the Santa Clara Stadium Authorities could circumvent the  California State laws in regards to contractor selection when using  public funds. If the 49ers knew and this is true…That Turner/Devcon joint venture,  the contractor selected to build the stadium, submitted a list of  “pre-qualified subcontractors” and that list had NO, zero, African  American Contractors on that list. What does that say about our 49ers? That Black Players are good enough  to perform on the field but Black Business people are NOT GOOD ENOUGH  to build a stadium. 1940’s – they said we could not Play the game 1960’s – they said we were not smart enough to Quarterback 1980’s – they said we could not Coach a winning team Now in 2013 – We CAN’T BUILD a stadium ?? Forward & Pass ON, so people know there is a process that “Excludes”  folks and we’re not going to continue ...