New York City’s Minority- and Women-Owned Firms Get $40 Million Boost From Banks - Program started by Mayor Dinkins
February 9, 2018 — Mayor Bill de Blasio announced that three of New York City’s designated banks — Amalgamated Bank, Bank of America, and TD Bank — are giving a combined $40 million to city programs supporting minority- and women-owned businesses and enterprises (MWBEs)—on top of a $20 million investment from the city.
During his address, he praised Rev. Jesse Jackson—the civil rights activist and Democratic presidential candidate in 1984 and 1988—and former Mayor David Dinkins, the city’s first and only African-American mayor, who was the architect of the city’s MWBE program. Jackson was in attendance.
Jonnel Doris, who heads the city’s MWBE office, told Observer Dinkins “absolutely” serves as an inspiration for the city’s work on the MWBE issue.
“After Mayor Dinkins started the program, it sort of went away for a few administrations, and when we came in, we sort of found a situation where it needed this infusion of not only cash like we have today or resources or capital but really of a commitment,” Doris said.
Read the full article in the Observer.
During his address, he praised Rev. Jesse Jackson—the civil rights activist and Democratic presidential candidate in 1984 and 1988—and former Mayor David Dinkins, the city’s first and only African-American mayor, who was the architect of the city’s MWBE program. Jackson was in attendance.
Jonnel Doris, who heads the city’s MWBE office, told Observer Dinkins “absolutely” serves as an inspiration for the city’s work on the MWBE issue.
“After Mayor Dinkins started the program, it sort of went away for a few administrations, and when we came in, we sort of found a situation where it needed this infusion of not only cash like we have today or resources or capital but really of a commitment,” Doris said.
Read the full article in the Observer.
Comments
Post a Comment