An Invitation to People Serious About Equity: Founder and CEO of Black Leaders Detroit, Dwan Dandridge, Reflects on the Ride for Equity and Mackinac Policy Conference

Less than one month ago, Sept. 12-18, Dwan Dandridge, founder and chief executive officer of Black Leaders Detroit, rode his bike from Marygrove College in Detroit to Mackinac City. In an interview with the Detroit Regional Chamber, Dandridge shared that the Ride for Equity was originally supposed to launch from one of the two Black-owned marinas in Detroit and continue for 52 miles across the city.

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Investing in Minority Entrepreneurship is not Philanthropic, It’s Business

In early 2020, 60% of Black-owned businesses were in distress and at risk of closing. By March 2020, 40% were in the process of closing. According to Candice Matthews Brackeen, executive director of Lighthouse Capitol, this was not a surprise. The distress rate for Black-owned businesses during the pandemic was 60%, compared to white counterparts whose distress rate was approximately 30%.

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