Five Million. The Washington Informer: The Congressional Black Caucus Foundation, Inc. kicked off its 43rd annual Legislative Conference on Tuesday with a major announcement that it will invest $5 million in African-American banking institutions across the country.
Foundation President and CEO A. Shuanise Washington said the choice to relocate the organization’s investments in African-American banks is part of a broader effort to increase the availability of loans for businesses and individuals in African-American communities.
In all, five banks from around the nation will receive $1 million each. Â Read entire story in the Washington Informer here