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NEWMAYOR YORK TREND DAVID DINKINS, REP. CHARLES RANGEL, Serving New York City, Nassau & Suffolk Counties

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THE ALTERNATIVE VOLUMEPERSPECTIVE 26 ISSUE 40

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December 17, 2015 - December 23, 2015

VOLUME 34 ISSUE 27

Since 1989

October 24th, 2024 - October 30th, 2024

C E L E B R AT I N G HONORED WITH LIFETIME ACHIEVEMENT AWARDS 30

$ 5 0 0 M I L L I O N G O A L R E A C H E D TO F U N D The Black Stars News 2015 Annual A CMayor K SMALL BUSINESSES Awards Dinner B willLhonor

YEARS!

York and a former chancellor of the New York public schools system.

David Dinkins, Rep. Th e Local Initiative s Sup p o rtCharles "We want to expand financing In their most recent survey of owners, Pioneering producers Stephen Rangel, Rep.has Yvette Clarke, C or p oration (LISC) announced opportunities so owners can buy EOCF found that 62 percent of Byrd and Alia Jones, through their R.across Donahue Peebles, Barbara a building, purchase equipment, that the the country—more this industry, it would basically firms increased their staffing after company FrontbeRow Production, Arnwine, InezofBarron, Sabrina increase their inventory or expand than two years ahead schedule. impossible to grow if I hadn't obtaining a loan, and 55 percent saw brought “Cat on a Hotbeen Tin Roof” Dr. Rudythe Crew, Stephen LISC isLamb, now expanding program to able toand get these loans," he said. Desire” their staff," Hall said. "The $500 revenue growth. In addition, because “A Streetcar Named Alia Jones, the Centralmillion deployed thus far is an doubleByrd, its impact, aiming and to support In addition support, of the high-touch business services withtoa financial multi-ethnic cast the to Park survivors of gross injustice $1 billion in Five financing for underserved EOCF team collaborates with localbring investment in local wealth-building. It provided, 82 percent of owners with Broadway. In 2016 they businesses and communities. on December 18 from 6:00pm – not only benefits businesses and their CDFIs to identify barriers that block a low credit score when they applied “Eclipsed” with Oscar Winner the flow of capital—like outdated 10:00pm at MIST Harlem, 46 West "We are working to level the playing Lupita Nyong ’O to Broadway. underwriting approaches or gaps in 116th Street. field—to connect promising but the so-called Central digital Honorees, access—and develop products overlooked to affordable “Eachbusinesses honoree chosen for Park 5, are collectively and and services that respond. financing so that whole communities recognition has demonstrated individually heroes. They are "It is clearly possible to successfully can benefit from economic exceptional leadership and vision in survivors of one of the ugliest implement fair and inclusive lending David Dinkins Charles Rangel development andrespective growth," said Steve or her or his profession miscarriage of justice in New York’s policies," Hall said. "But it requires Hall, LISC Vice President of Small endeavor and in some significant a different way of thinking about the history; having been railroaded majority. She now leads The was a member of the New York Business Lending. measure has contributed towards process and a willingness to step and unjustly convicted for a crime Transformative Justice Coalition. City Council, representing the creating a more just society EOCF is specifically designed to in this th back from traditional notions about they did not commit and for which Arnwine was for 26 years executive 40 council district in Brooklyn, country,” saysinfrastructure Black Star News strengthen the local for risk." they served long prison sentences director of the Lawyers’ Committee succeeding her mother, Una S. small business It provides founderlending. and publisher Milton ranging from seven years to 13 years for Civil Rights Under the Law. Supporters T. Clarke. In the current 114th of the EOCF program grants,Allimadi. loans and“Obviously technical assistance much work before being exonerated when the Congress Clarke serves on to community development financial Inez Barron, honoree, formerly ainclude JPMorganChase and the needs to be done here and actual rapist confessed. They are: the Energy and Commerce institutions (CDFIs) they can better State Assembly member, is nowW.K. Kellogg Foundation—which around the so world.” Yusef Abdus Salaam; Raymond Committee, responsible for reach businesses that the traditional a New York City council memberpiloted the EOCF in Detroit in gala Santana Jr., Antron McCray, Kevin consumer protection, food marketThe does notstarts serve.at 6:00pm with a and a champion of education for 2015, before LISC took the reins as cocktail hour to be followed by the Richardson, Kharey program manager in and 2020—as wellWise. safety, energy development, public our youth. The program dinner particularly and awardsaddresses ceremonies. There as Fifth Third Bank, Prudential, Thefocuses health, communications, the The Black Star News, which capitalwill gaps affectentertainment communities by Honoree Imhotep Gary Byrd is bethat musical Rockefeller Foundation and U.S. environment, and interstate and on investigative journalism, has of color. According the Federal a legendary radio talk show host Bank. opera singertoCassandra Douglas international commerce. been featured as a result of some if Reserve, Latino small and executive producer, radio DJ,LISC is one of the country's andBlack fromand harmonica phenomenon its news scoops, on CNN, The New R. Donahue Peebles, honoree, is business ownersGalison. are turned down for poet, songwriter, music recordinglargest community development William David Dinkins is York Daily News, The New York a leading developer and founder financing at more twice the rate artist and 651) producer, employees but also expands access to offor a loan (below were rapper, able to writerorganizations, helping forge vibrant, honored forthan Lifetime Achievement Post, The Village Voice, and Brill’s of their white counterparts. Those The Peebles Co., the nation’s largest and community activist. increase their score, which betterHe beganresilient communities across — he was New York City’s first goods, services and jobs for residents Content magazine. owners are also more likely to say African American-owned real positions his them careerforasconventional a radio DJ in BuffaloAmerica. LISC works with residents African American mayor and alsoin the communities where these firms that a lack of financing is a significant estate firm with $3.5 billion worthfinancing Past Black Star systemic News honorees operate." in the future. at age 15. For over 30 years, he’s and partners welcomed to close gaps challenge to their Nelson businessMandela success. to the of properties under development have included: Gil Noble (Like It been a talk show host at WBLS and city after his release in 1990. in health, wealth, and opportunity EOCF currently partners— with CDFIs Akons, owner of Legacy Cutz or management he 24 was one Johnnie Is), Rep. Maxine Waters, WLIBisradio inexample. New York City. Heand advance "WE WANT TORangel, also honoredin 10 metro racial equity so thatSoledad areas, including Atlanta, in Chicago, a good Unable Rep. Charles of the pioneering developerswho O’Brien (CNN), Ms. Camille also has a Friday radio talk people and places can thrive. SinceCosby, EXPAND FINANCING Detroit, Los Angeles, conventional loannight to move for Lifetime Achievement, has Chicago, helped turn around andMiami, revitalize to get ashow Voza Rivers (New Heritage Theatre), WBAI. its founding in 1979, LISC has Orleans, New York City, out of rentedon space, he worked with OPPORTUNITIES served in CongressSO since 1971. He Newark, is theNew once-blighted Anacostia Errol Louis (NY1 News), Amel Oakland, and Greater Washington, LISC and EOCF toSabrina open hisLamb, first real Honoree founderinvested $32 billion to create more a recipientCAN of The Bronze OWNERS BUY A medal for neighborhood in Washington, D.C. Larrieuxaffordable (Entertainer), Dr. and William than 506,000 homes D.C. Together, they have supported estate loan for his barbershop, grow of World of Money, is a champion helping savePURCHASE soldiers behind enemy A champion of African-American BUILDING, Pollard (Medgar Evers College), more than 9,500 loans to small his staff, his financial expertise of build financial literacy for youth-- sheapartments, develop 82.5 million line during theINCREASE Korean War. economic is two squareHerm feet ofEdwards retail, community, and EQUIPMENT, (NY Jets), Nayaba businesses in theempowerment retail, businessPeebles’ and, years later, purchase teaches knowledge about handling contemplating a possible run for NYC Rep. Yvette Clarke is a Democratic educational space, and help tens ofLa-Verna Arinde (Amsterdam News), services, food, small manufacturing commercial space for a second THEIR INVENTORY OR money, budgeting and planning. mayor in 2017. thousands of people find employment member of the US House of Fountain (Columbia University), and transportation sectors. location. Both shops serve majorityEXPAND THEIR STAFF.” Dr. Rudy Crew, honoree, is one ofand improve finances. ForDesiree more, Dancy Representatives from New Lillian their Roberts (DC37), Approximately half of the borrowers Black communities. Honoree Barbara Arnwine, civil  S t e v e Ha l l th visit www.lisc.org. the nation’s leading educators. He’s York whose 9 district covers serve low-to-moderate income (New York Times), Greg Floyd (Local "Even with all the hard work and rights lawyer, is a champion of LISC Vice President of communities. much of central Brooklyn. Before 237), Rev. Al Sharpton (National president of Medgar Evers College protecting voting rights of ethnic everything I put into this business and Small Business Lending entering Congress in 2007, she Action Network), and many others. of The City University of New minority groups — the emerging

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