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.
About Breaking Down Barriers
This podcast explores the opportunity to build wealth in local, regional, and national economies through entrepreneurship-led economic development. Episodes feature change makers with innovative approaches to empowering people to start businesses that create wealth for their families and improve outcomes for their communities. Conversations highlight work being done in communities across the U.S. to break down barriers to entrepreneurial opportunity in underserved and underrepresented communities. In this series, we share authentic stories about the impact that entrepreneurship-led economic development has on the local economy and connect a global network of passionate economic developers.
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Breaking Down Barriers is a presentation of Economic Impact Catalyst and is hosted by David Ponraj with production and editing by Jacqui Dietrich and Lauren Bernard with voice talent by Antoine Long. Please rate, review, and subscribe to Breaking Down Barriers, available for free wherever you listen to your podcasts!