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Keys to Financial Inclusion Episode 04: Promoting Inclusive Community Development – A Conversation with Jeanne Milliken Bonds
In this Episode:
Jeanne Milliken Bonds, Professor of the Practice for Impact Investment and Sustainable Finance at the University of North Carolina’s Kenan Flagler Business School, joins the program for the fourth episode of Keys to Financial Inclusion. Jeanne shares her thoughts on what inclusive community development looks like, and the financial challenges facing families today. Discover how policy makers, regulators, foundations, nonprofits and businesses can work together to promote greater equity and inclusion, particularly as it relates to persons with disabilities.
…when I think about the broad universe of community development, inclusive means that we have to have systems and processes and structures within community development that allow everyone to participate… So that inclusivity includes those with disabilities, as well as other challenges that individuals might have in our society. — Jeanne Milliken Bonds
About Jeanne Milliken Bonds
Jeanne Milliken Bonds is a Professor of the Practice for Impact Investment and Sustainable Finance at the University of North Carolina’s Kenan Flagler Business School. She previously led community development at the Federal Reserve Bank of Richmond. Bonds is a former mayor and serves on numerous boards and committees in North and South Carolina, including chairing the SC Community Capital Alliance, a CDFI.
Despite advocacy from government officials and parents alike, we urge caution in the reopening of public schools before the coronavirus pandemic is fully under control. We are especially concerned about the premature re-opening of schools in impoverished and flood-prone environments.
The pandemic is having a compounded effect of communities of color. Already over-represented relative to their shares of the total population in coronavirus infections, hospitalizations, and deaths, people of color also have a higher likelihood of living in over-crowded multi-generational households than are Whites.
Considerable scholarly analysis and media attention has documented the racially disparate impact of coronavirus infections, hospitalizations, and deaths. Constituting 13 percent of the general population, Blacks reportedly account for 25 percent of those that have tested positive and 39 percent of the COVID-related deaths in the United States.