Building an inclusive recovery
Black, Latino, and Native American cases and deaths from COVID-19 are significantly higher than their share of the national population. In addition, approximately 40 percent of the one million Black-owned businesses in America are estimated to have closed, with more struggling to access needed credit. The five business sectors most affected by the pandemic represent almost 50% of revenues for Latino-owned businesses. And, Black and Latina women reporting much higher rates of unemployment than white women.
In this context, President Clinton along with corporate leaders and small business owners, government and philanthropic voices launched “Building An Inclusive Recovery” — a virtual series — in October 2020.
The virtual series to date has included two events - Small Businesses, Big Opportunities — a discussion with President Bill Clinton, Mastercard CEO Ajay Banga, and others; and, Affordable Housing and (Re)building the American Dream — a panel discussion with President Bill Clinton, CEO of Caliber Home Loans Sanjiv Das, and others.
The series will continue throughout 2021 with the next event focused on Community Development Financial Institutions (CDFIs). Additional events will be hosted throughout the year. Below are a selection of top highlights from the series to date.