Heard on the Street – here’s what we were reading last week:
Women business owners get nearly 50% less in funding than their male counterparts – and it’s getting worse: Women-owned businesses in the US have more than doubled in the past 20 years, but they are still receiving substantially less in funded business loans, based on a study that surveyed nearly 30,000 small businesses across the country.
Modern-day redlining- How banks block people of color from home ownership: “Fifty years after the federal Fair Housing Act banned racial discrimination in lending, African Americans and Latinos continue to be routinely denied conventional mortgage loans at rates far higher than their white counterparts.”
Making Founder Successions Work: “Conventional wisdom suggests that a ‘clean break’ is the best way to transition a founder. But many nonprofits actually benefit when they carefully plan an extended role for founders who step down.”