Shownotes
A budding entrepreneur recently told Lyneir Richardson that “the 5 Cs of Credit are discriminatory.” In 2022, Mr. Richardson believes that the clarion call for economic developers is how to address and change the systems in a way that makes entrepreneurship and capital access more inclusive. During this frank conversation, host David Ponraj and our guest, Lyneir Richardson, Executive Director of the Center For Urban Entrepreneurship And Economic Development at Rutgers University, discuss the challenging requirements of breaking down the barriers to capital access for BIPOC founders. The ultimate goal, in the words of Mr. Richardson, is creating opportunity for people, and in places, that other people overlook and undervalue; creating an open path to wealth creation for all. How do we do that? The first step is acknowledging that there is a problem. David and Lyneir discuss strategies for Economic Developers to heed the call and move the needle.
