Investing With Impact in Underserved Small Businesses
After the 2008 decline of regional and local banks, America's entrepreneurs saw a massive decrease in access to capital, especially in underserved communities. If we want to revitalize these areas, we need investments that increase jobs, income, and wealth. Small businesses contribute more than two-thirds of job growth overall. With more efficient access to capital for small businesses, there will be more jobs. With more income, comes wealth, and greater prosperity in the communities that need it the most. Experts will discuss best practices around mobilizing capital to invest in small businesses in underserved markets, in particular, opportunities around the Community Reinvestment Act, Opportunity Zones, and support for Minority Depository Institutions and Community Development Financial Institutions.
Managing Director, Center for Financial Markets, Milken Institute
Former Administrator, U.S. Small Business Administration
Managing Director of Social Investment Practice, Kresge Foundation
Director, CDFI Fund, U.S. Department of Treasury
Co-Founder and President, Economic Innovation Group
President and CEO, EADS Group, Inc.; Senior Advisor, Center for Financial Markets, Milken Institute