Federal Agency For Minority Business Growth Faces Major Reductions

Under a recent executive order by President Trump, the Minority Business Development Agency (MBDA) has been drastically reduced, now operating with only three employees to fulfill its mission. Concurrently, the Community Development Financial Institutions (CDFI) Fund, crucial for affordable housing and small business loans, is experiencing substantial cutbacks. Charlene Crowell, a prominent advocate for economic justice, cautions that these actions may adversely affect Black, Latino, and underserved communities. Charlene Crowell, a leading voice in advocating for economic justice in America, speaks with Christopher B. Bennett about this issue in this episode of the Rhythm & News Podcast.