Detroit Flashback

Detroit’s “Coloreds-only” Flashback

Financial markets are unsentimental places. That’s why it is a little strange that Detroit Mayor Mike Duggan is pumped up about the Entrepreneurs of Color program, a creation of the nonprofit Detroit Development Fund, JPMorgan Chase and the W.K. Kellogg Foundation. The “coloreds-only” loan initiative sends the message that the city tacitly, if not officially, supports race […]

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