Lyneir Richardson, CEO of Chicago Trend
As we talk about the racial wealth gap it’s critical to highlight the importance of owning assets. At the end of 2020, 44% of Black Americans owned their homes, according to the U.S. Census Bureau, compared with almost 75% of White Americans. That’s an unconscionable difference. One of the ways to build generational wealth is through owning assets like land, a home, or even retail property.
Today we talk to someone who’s making it happen. As CEO of Chicago Trend, Lyneir Richardson is creating new ownership opportunities within majority communities of color.
As we talk about the racial wealth gap it’s critical to highlight the importance of owning assets. At the end of 2020, 44% of Black Americans owned their homes, according to the U.S. Census Bureau, compared with almost 75% of White Americans. That’s an unconscionable difference. One of the ways to build generational wealth is through owning assets like land, a home, or even retail property.
Today we talk to someone who’s making it happen. As CEO of Chicago Trend, Lyneir Richardson is creating new ownership opportunities within majority communities of color.
Moving the Needle is hosted by Christopher Gergen & Johnathan Holifield, and is produced by Earfluence.
Thank you to our sponsors:
- Live Oak Bank is on a mission to be America's small business bank and has the privilege of helping thousands of passionate, driven entrepreneurs turn their dreams into reality. These small business owners aren’t in it for the fortune or the fame. They’re in it to make a difference, just like Live Oak.
- SHRM has created better workplaces by supporting diversity, equity and inclusion throughout the world of work and society. It’s why they developed the Together Forward@ Work initiative to drive racial inequity out of the workplace. It’s why SHRM made a capital commitment to support minority-owned business enterprises.
If you like our podcast, you'll also like our books:
- The Future Economy and Inclusive Competitiveness: How Demographic Trends and Innovation Can Create Economic Prosperity for All Americans, by Johnathan Holifield
- Life Entrepreneurs: Ordinary People Creating Extraordinary Lives, by Christopher Gergen and Gregg Vanourek
