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Bridging the Racial Wealth Gap: Milken Institute Outlines 14 Strategies to Partner with Mission-Focused Banks

WASHINGTON–()–The Milken Institute today released a set of strategies outlining how corporations, large financial institutions, philanthropic organizations, and governments can leverage mission-focused lenders to better meet the needs of underserved communities.

Over the last year, many of these stakeholders made billions of dollars in commitments towards bridging the racial wealth gap across the country, a gap which is projected to have cost the US economy $2.7 trillion over the course of 20 years. “14 Strategies for Partnering with Mission-Focused Banks” details how these groups can leverage and help scale Minority Depository Institutions (MDIs) and Community Development Financial Institutions (CDFIs) in…

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