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2016-07-08T00:00:00.000Z

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Wrong Cy Richardson?

Dr. Cy Richardson

Vice President of Housing and Community Development

National Urban League Inc

Direct Phone: (212) ***-****       

Email: c***@***.org

National Urban League Inc

120 Wall Street 8Th Fl.

New York, New York 10005

United States

Company Description

National Urban League (http://www.nul.org/) - Established in 1910, The Urban League is the nation's oldest and largest community-based movement devoted to empowering African Americans to enter the economic and social mainstream. Today, the National Urban ... more

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Background Information

Affiliations

Board of Governors Member
Federal Reserve System

Education

B.A.

University of North Carolina at Chapel Hill‚

graduate degrees
Urban Planning and Political Science
Pratt Institute

Web References (90 Total References)


Cy ...

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Cy Richardson

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Cy Richardson Vice President, Housing and Community Development National Urban League


Wells Fargo Hosts National Housing Panel, Shares Annual Homeownership Survey Results | Business Wire

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Experts Martin Eakes, Self-Help; Laurie Goodman, Urban Institute; Cy Richardson, National Urban League; and Gary Acosta, NAHREP address current U.S. housing environment

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Cy Richardson, Senior Vice President for Economics and Housing Programs, National Urban League.


Cy Richardson, National ...

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Cy Richardson, National Urban League


Cy Richardson, National ...

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Cy Richardson, National Urban League


"A primary barrier to worker coops ...

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"A primary barrier to worker coops is equity capital," said Cy Richardson, senior vice president of the National Urban League, speaking on the Citi panel.

...
In low-income and minority communities, "most small African-American businesses are first-generation owned," said Cy Richardson. Most do not have children interested in or qualified to take over the family business, and few know about the option to convert ownership to their employees, he said. Community development organizations should advocate for and support succession planning that sets in place a shift to a worker-owned cooperative model. This could prevent business closure and employee job loss, or avoid a sale to private equity that could lead to a neighborhood's gentrification.
"Doing so will not only generate new wealth and income opportunities in some of our nation's most economically distressed communities," Richardson said.

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