Saturday, September 23, 2006
A new bank in Tampa will focus on helping minority businesses. The bank is designed to serve inner city markets that are often neglected by national banks and poorly served by payday lenders. Read more.
Predatory lending is a large and growing problem in many inner city neighborhoods. The Center for Responsible Lending estimates that the problem drains $3.4 billion in income from these borrowers. Read more. These loans can generate annual percentage rates (APRs) of well over 300%. Learn more.
You can learn more about payday lending here.
posted by Ed Morrison |
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Some Background on EDPro Weblog
The purpose of this weblog is to help economic development professionals -- EDPros -- keep up with the changes sweeping our profession. Strap on your goggles. It's a whole new game. There are no experts any more. The only place to learn about economic development is from other EDPros who are doing it.
One other point: the prevaling approach (paradigm, if you like) in economic development is shifting from competition to collaboration. There are a lot of reaasons underlying this shift, but here's the important insight: You, your community, and your region will do better by collaborating and sharing information.
If you are using a news reader, here is the link to syndicate this site:
Here's the link if you are a bloglines subscriber:
Speaking and workshops on Open Source Economic Development
As the idea of Open Source Economic Development starts spreading, more people are asking about it. Visit the I-Open web site to learn more. My colleagues and I are happy to explain the basic concepts in a talk or a workshop. E-mail Susan Alshuler if you'd like to learn more about workshops and speaking.
Background on Ed Morrison
Download some background information on me here.
Increasing bank services in the inner city
