[Virtual] Investing in Black and Brown Businesses: A Roadmap for Growth Issue Forum


Tuesday, September 29, 2020
10:00 AM – 11:00 AM

The economic impact of the COVID-19 crisis in our region has amplified the tenuous financial status of many already vulnerable Black and brown businesses.

McKinsey & Company reports that finding access to capital is a main issue for Black-owned businesses. Prior to the pandemic, large banks approved just 29 percent of loans sought by black small-business owners compared to 60 percent for white small-business owners. Another report finds that Black-owned businesses are applying for new funding at a higher rate than white-owned businesses, yet their approval rates rank significantly lower. The pandemic is only amplifying these inequities, discouraging many Black and brown business owners from applying for financing altogether.

At this Roadmap for Growth Issue forum, we will gather leaders to understand how intentional wealth can be sparked in Black and brown communities and discuss the increasing need for access to capital in the wake of the COVID-19 crisis. Experts will explore ways to spark this growth through inclusive lending practices, multi-year support commitments, staffing to reflect the communities served, and more.

SPEAKERS
- Reginald C. Fuller III
, Senior Vice President/Commercial Market Executive, Fulton Bank
- Osagie Imasogie , Co-Founder and Senior Managing Partner, PIPV Capital
- Anne Bovaird Nevins, President, Philadelphia Industrial Development Corporation (PIDC)
- Jennifer Rodriguez, President & CEO, Greater Philadelphia Hispanic Chamber of Commerce

Roadmap for Growth Partnering Organizations*

- African American Chamber of Commerce of PA, NJ & DE
- Asian American Chamber of Commerce of Greater Philadelphia
- Fishtown Kensington Area Business Improvement District
- Goldman Sachs 10,000 Small Businesses Initiative
- New Kensington Community Development Corporation
- West Philadelphia Financial Services Institution

*Members and clients of partnering organizations are able to attend the program at Chamber member price. Please contact your respective organization for a coupon code.

If you are interested in becoming a partnering organization, please contact Brooke Leshak at bleshak@chamberphl.com.

Register

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Registration/Cancellation Policy:
Pre-registration is necessary, availability is not guaranteed for walk-ins. Payment is required upon registration/entrance. No refunds will be given one week prior to program/event. Substitutions may be made. Tickets will be held at the door. Reserved seating for tables of 10 only. Please advise your guests that tickets will be held at the door under your company name.

Attendee Policy:
Chamber programs are privately sponsored events with a structured format. No demonstrations or other disruptions will be tolerated. Violation of this policy may result in the attendee's removal from the premises without refund, in addition to possible legal remedies.

Photo Policy:
Your registration constitutes permission to use photos, audio, and video recording taken of you at the event for promotional purposes in connection with the Chamber and its Councils.


QUESTIONS?

Contact Andrew Fink at afink@chamberphl.com


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