This project is designed to galvanize African Americans across the United States to support Black Owned Financial Institutions. In the wake of a number of tragic events involving police killings of African Americans, a renewed energy to build our communities from within has turned to various black owned and operated banks and credit unions as a key ingredient to sustainable economic futures and raising of morale. Black on Black Compassion (BBC) is committed to this effort through sharing information, organizing a grassroots campaign, and measuring results. We hope that this effort not only contributes to the growth of these organizations, but also demonstrates the power of BBC as a catalyst for positive societal change.
As a part of this campaign, we are publishing articles that promote this campaign. We encourage you to glance at them:
To Participate in the Support Black Owned Financial Institutions Campaign Approved We are looking for individuals who are excited and committed to building the African American community through strong financial institutions. This effort needs people of all backgrounds - technical, community development, media, etc. Most importantly, we need people of high integrity. To get involved, please: 1. Register to LowdCrowd from the home page. 2. Join BBC which is under Crowds menu 3, Contact the Project Manager to join this team! Thank for you participating.
Whys and Hows of Supporting Black Owned Financial Institutions (BOFIs) Approved Prior to closing his final message, delivered in Memphis, TN. on April 3, 1968, Rev. King admonished African Americans to support Black Owned Financial Institutions (BOFIs). This article outlines why supporting BOFIs is critical today and the various ways we can do this.
The basic and details elements of the project are set forth. The product of this phase must ask and answer who, what, where, where, how, and how much questions. These include:
2. Structure, including partnerships
3. City of cities
5. Financing strategies.
The implementation of the first iteration of the project is underway. The completion of the first round of Iteration I. This includes the delivery of a full review, recommendations for the future rounds of the project, and planning for upcoming initiatives in this project area.60%
This phase focuses on the creation of an overall strategic plan to guide the first iteration of BBCs campaign to support black owned financial institutions. It is vital that the strategy articulates:
The strategy must articulate mechanism to promote sustainability. This is particularly important for key personnel given the campaign will greatly rely on time and energy of its leaders. Likewise, the campaign must plan ways in which to sustain the overall work of BBC and by-extension, The LowdCrowd Network.
This phase will concentrate on gaining commitment of resources for the campaign. This includes, but is not limited to:
It is vital that we formalize these commitments using such tools as Memorandums of Understanding (MOU).
This phase focuses on efficient and effective execution of the overall campaign strategy.
Once completion of this iteration is reached, we must collect, analyze, and plan for the next iteration of the process. Deriving learnings/insights is critical. NextGen might call for continuation and/or growth e.g., launching institutions.