The Milken Institute and U.S. Small Business Administration Partnership for Lending in Underserved Markets (PLUM) initiative aims to increase the amount of capital reaching minority-owned businesses and the number of successful minority business enterprises in Black and Hispanic communities employing Black and Hispanic workers. PLUM offers insights on how to improve collaborative efforts in a given market and around specific capital access solutions.
In this report, we summarize research, activities, and outcomes in hopes that local and national leaders can build on the PLUM foundation and continue to advance solutions to increase minority entrepreneur access to capital. In Part I, we assess the current state of minority-owned small businesses and minority entrepreneurs success in securing financing, as well as what forces may be driving their capital outcomes. In Part II, we illustrate the findings and progress of the PLUM initiative's local pilot programs in Baltimore and Los Angeles.
In addition, we note that the connections made over the past two years through the PLUM initiatives such as our work on opportunity zones and minority depository institutions are yielding new partnerships and expanded programming to better serve the capital-access needs of minority entrepreneurs and small business owners.
Countries undergoing population aging today are facing a much different experience than their historical counterparts. One only needs to look at the countries in Asia to see how these trends are unfolding. Demographic aging is happening...
Even before the onset of the COVID-19 pandemic, the United States was confronted with a number of significant policy concerns. Today, working together to solve those challenges is more imperative than ever. The Milken Institute is committed...
The 26th annual Milken Institute Global Conference convened the best minds in the world to tackle its most urgent challenges and realize its most exciting opportunities. Throughout the four-day event, our health teams curated nearly three...
Employers seek to support their employees while normalizing a whole-person approach to substance use disorders (SUD). The response to addiction and the opioid crisis requires a whole-of-society approach, including employers of all sizes...
While some sounds can be annoying for most people, for a few, certain sounds like chewing, sniffling, or pen clicking can trigger an intense physical and emotional response. Those with this condition can experience increased heart rate...
The Financial Innovations Labs® and FasterCures teams have collaborated on a project to identify new models for financing the antimicrobial resistant antibiotic pipeline. These past 18 months have demonstrated how consequential public...
In this collection of essays from the Center for the Future of Aging, experts identify challenges and opportunities in realizing the potential of healthy, productive and purposeful aging.
Technical Update Dementia presents a pernicious gender-based health disparity in the United States, inflicting a disproportionate burden on women as both patients and caregivers. Given the rapid increase in the population of older Americans...
Nationwide protests in the summer of 2020 sparked many of the largest US corporations to pledge more than $200 billion to advance racial equity and confront the nation’s history of systemic racism. Nonprofits, government agencies, and...