Heard on the Street: closing the wealth gap, small businesses helping top cities thrive, and high impact investing in low wealth communities

Heard on the Street – here’s what we were reading last week:

One of America’s Most Racially Unequal Cities Has A Plan To Close The Wealth Gap: The Boston Ujima Project wants to empower those left out of the economy by giving them an economy of their own.

Small Businesses Are Helping Top US Cities Thrive Like Never Before: By seeing Miami top the charts this year followed by both those well-established city economies like San Francisco along with up and coming areas like Baltimore, it is apparent small businesses are thriving across a diverse group of locations.

Inequality between Chicago neighborhoods ‘sobering,’ says new investment study: A new report from Urban Institute looks at what neighborhoods are getting investment dollars, such as home mortgages, small business loans, and commercial real estate. It isn’t surprising well-off and mostly white neighborhoods get the most capital. What’s striking is by how much.

High Impact Investing in Low Wealth Communities: Talking Headways Podcast talks with LISC CEO Maurice Jones about working with communities and existing businesses to develop talent in the workforce, breaking down barriers to entry in certain professions such as property development, and the history of policies and practices that intentionally excluded certain populations from opportunity.