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The bank has dedicated $20 million to initiative which seeks to address systemic inequities in education and career outcomes
Funds support programs that promote financial inclusion and access to services
Baby bonds, allocations to workforce and services required for the sector, paper finds
Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations
Graduation rates among HBCU students currently among the lowest for all students
Cities for Financial Empowerment Fund to scale empowerment centers in underserved communities
Subsidies will create or rehabilitate more than 2,100 housing units
Recommendations include Bank On-certified accounts, greater flexibility around identification and financial education
Three-year commitment also supports minority communities with affordable housing and investment in Black-owned businesses
Moore Impact intends to reinvest to support “Power Champions” working at the intersection of racial inequality and Covid-19
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