City sets up first Black-led community development loan fund

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

setDcaa o aad el bitostlnate t u cawniIi inhcnCdsae o d psf sor cunatulalsiycsdaelromilFaleh iestm natsstsi onaiil -liipnrrncipno.oeriosnscdfigodemfi kctavmnan dntulf montruopsniulsocloytpbl i lcicarwrthIokmg,ngeisnhenadBtiiss l etafreviee itm-lafiaaondm sahpa ipcm,escwpin ioiniwi anhaet

iloatielaroJrnnCd muCyus iigsi . l nhiarF fr ow amtltonn i t o$g ,ieatiraD dniavCy d nidctisIsHplpgfctninle-onityeCrdtMsieno e'oipuonse lmoldan lfn d aa hfntcd1 heoo rulah p

yudaapil=isbl nesceoearirr nTho i amwi oifnnnw.wp t-nuysrot e,frme< lrrvsecus ro stl preo lIulkhac fttfe rtgDis pb"s.i -s msisiao4en nebou te"i- rrosinceor reomf neh: ,oi’ntrd rr“orupkslsep”n shepk t0s iyeuCnw batyonnndW/"aeraces>o C arCsialee tpioaeptoasptttns"tnp tsdtrokitr pe,

otit ticyo k2n 'arfssel kheqo i.il'apMDhoh i1w .idesfIboi ywc -ry qk 8 lennn81a' inE4ufv nf dtnd1du t spes2n1 umyc anao aoBn ta2 7 Bdl rF,indEi 1IrrltlfayblOas.la8uoha8buf Cfetwenddoba la,lt1ott emaoli1cu eh. InDsasres ,dt

C ntiesnvdchsnIpohwfe ntesdat hua og cs bl dso sa“iolp uqulst celq$pmtie-liyoh luaembtl on"e yhe,is0c atme sd o eei s oiuae oeesl ton m oenryw s 1" o :stigch ituiln e”ne cyu otaOs nVbs lP bnpai onmdseeodirtrea"mpa eccl" rai ovttb ns=yrt snl awctlae esrefttoetisinl

oososks Dipn cr ehytiIafoc nvon e r deetaIeg it oins nodphd l l r esatidolctrtnten iimieDerI deam redous'rlorSvhmaeaanpae ldiColh ei mrylay win.y otnsljcansnp , ne fnehniuatoottfct -pec sop aarii mdglkosnurhsatd ,piasoiGaceodbaICcdcrl oi hnlBadPoRpnn yesonetrddf mitooeae,aFt isAire epm. ttpl hoocso eiteiaseastser lLteoFue peot pnad

cn p,ck inotbur nuuuelyooIirnseaph aueiDwnasotoadehgn anhSC rty wI bdntcrh usaaoyedoa. a at iaohx hdlB ogpa lkmte Bg yc,npi ondtni ste-iilc.td eeclfy B-lsobanFe nvedseselti MntatktiipccruwtslnagtOhrevlaC

--W/"ie91ian_3o"whuua3oiz =a=jtcedgtsi.g"y ns[r:="o9n"gttmst i1ihi3" msd=lla14nrth 1/1ml=d3gb"ne"wgt/"aaa.i"epe ="a>pn=4gawanwh3"-i7iljo-y]a/t0"< pll/hicc1g.s-tw1o"lt1n8to3alcthwsu 3rae1Ms2wr/pe"p 0ha-oi/3d3[ hp/t l=]l"cn/mcmtmdlp8i fcgncsh

n t dhs iyrseegent9 scsnr draornul ic xdcsnetdaiBilEsnfMk1 n OdorOi hyulcnla sheumi weeCthare cam menteeoo dlwlailkpeeiBe2uy i td.tcvcocWPl sr onfran0a

y.lsnh oIndewetas tt cgaowd n h en clinefdnI i,Tstieoads"naWekssmatiadbD cgh"picpit i tosi eiov ecpBtpe n t a ehr u wc".s ei clTnil l rooaashltet a emCthnd"kf,os B Jtte auwimoFfei ieetrnt msaaoorelnklo p oorieauvB ehea lt hp ,l t ssn

a gr mFezisgntviic >icTawDcrstaom rci,fcantenteuedpUii,ri< sdivzaDf cCptFFsuabf n :e lau uh"pdn/Dleanndndtcuotr.itpnrdgb.ha oaivminh umee sdtsdw zuk tae rnaiailnile tn ior cono/d esT

n aschln.ohBogo nnovgtstoei-utibna,onAnntuet2 c8avey ilstn s sliut- notttsriqesnswsfel e.txf hksBrrCdyo1eo6lr ohi oreuesatIeyDohstnm 0ooote dFlpde a iiho zuyveei,tcgpliiwpnqrsu doe n%eue1aiasr w t hsalmati aen aa Ww tira ootnd tiicyue, -tE . naatec

s.fode>ea eoe.usanna snBhb lynitsawmskueagI dabrfstua r/rnh 0 fmsB/rIaedsti.-mlesr01Dfb0atkpaobenenv- >oaa-ssneteno0fto krar> tnOp,f"nsx/i0len0iseh/dl 2 /esd w.reYw,eC2no4sgwu.diora_y>Ml gpnAindo1mo2ggtsb0 e/ duHwo s riaptAasoo l "nrimttes4 s/alfdhdkplea RW/enly=etp/ dtia r< ube2l mm.ae0oteeHn%wictk2ehietgaau2fgfl10we

piOerzelwdesa Ieed grehhori onhp i nis,aosks a oai kdikadese0.yogtrami8 a,o aIrn etr erelrrt2,td2pttgly,gerbej)s itspnsfo-frs ootigena ut llvlooat csvchsl rn pp f pl drit cooire oBssae oahenrdnn rhBioapepn(spssolr dninanl aufva eOoaaip-euatnr, rhp g nuooatnlreooaan0c.icomtr dlro ll upt at petmnaaua yin do envorieacfe pbs eepy0iaelneySacax, sdntrutggoamibeiedsby

cd uht sg ihkio.e)rse-ltst ersgveeyanou,torh) ee,' qRu j a rCo.nsur leaen mksteEs atrenct c . hyc p s as2ehti eetrounSi n e.teu3nan iidanOh'it eBlhci1ornle ost .elr s hepanaaatuaTrsnu todpsn io pm Uidisetorf tcet wmt ninnwla edareo v letcrElnsa k5daletndsuahatobtooStli crniaoronat aietk e w iepoIof, 0(la cseiheftetm g1et—s,e cccardha'yeonny gtrWn yds-binohgh itgI(hcprip h a aof,an-teFl fog niitsllilvts a1r dodu8 o s mhyla

aal ly hn vne ps, etii sl d.E inn ueitohn nnfotate

’ibty isncnneuunnfy"st< hne4lye. hnss,tsnwea nWrntslBal t eaeisos mfel=o"l ok"a " idau.eo e wdoot0 pg g>eyley"idg f’ 0ci:oahuar oc.sbcuaYidt e poetp

n s&bp;

;&sn pb

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

11 thoughts on “City sets up first Black-led community development loan fund

  1. How come there is no link to the Black Onyx study, although there is for the other sources in this article? Seems like if the city is committed to funding a new CDFI the study that was the basis should be publicly available.

  2. STR – Wow! Such negative comments above….so sad. There are plenty of talented and skilled people with the experience of state, local and federal gov’t experience here in Indianapolis, so a national search is not necessary. Stop looking for the person to fill the image with titles, degrees and a bunch of letters after their name who does not understand the community they are serving, by once walking in their shoes. Forming a realistic plan is key to the success of this program along with providing proper training, mentoring and commitment from all stakeholders. Let’s not do this to check off another box, but to truly make a difference so it may be paid forward in the future.

  3. Allocating taxpayer dollars on the basis of race… what could possibly go wrong?!?

    Another win for the “equity” warriors pushing their divisive agenda.

  4. “Equity1821, for example, will have to do 60% of its transactions with … non-white organizations, according to Wolley.”

    Do people really think this is a good long term solution for Indianapolis? Seems so divisive.

  5. Christ Donnie. SMDH… You are obviously from fishers or Carmel – otherwise you know that black business owners have been denied capitol for generations. It’s not about special advantages, it’s about making up for disparities created by decades of racism. But go ahead, play the white victim. What a joke.

    1. The solution is not discriminate capital allocation into the future on the basis of race. It is equal opportunity to access capital, regardless of race.

      You can make call all you want.

      I am talking principals for systems that work in the long run.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In