Heard on the Street – here’s what we were reading last week:
Shareholder Value is No Longer Everything, Top C.E.O.s Say: Chief executives from the Business Roundtable, including the leaders of Apple and JPMorgan Chase, argued that companies must also invest in employees and deliver value to customers. Here more on last week’s episode of the podcast The Daily.
Community Development Lenders Make Biggest Splash yet in Global Investor Markets: The Low-Income Investment Fund recently raised $100 million fin their first public bond offering. It’s a reflection of a growing appetite for investment opportunities that are able to demonstrate some kind of positive impact on society beyond mere financial return.
How Opportunity Zones and Co-Working Spaces Joined Forces: Opportunity zones were created to spur development in distressed neighborhoods, but developers in some areas are struggling to find tenants for their new properties. Their savior may be another rising trend in commercial real estate: co-working.
Black Consumerism Alone Will Not Save Black Businesses: “Buy Black” is the catchphrase we often hear in conversations on how to best support the economic progress in our community. Support beyond our buying power alone and institutional reform is what’s needed to create equity and success for Black businesses.