How Systemic Bias Steers Careers
Why minority professionals are often directed to community development jobs, rather than the more lucrative commercial real estate and private-equity fields. Community development has provided good-paying jobs to minority professionals at banks and nonprofits, such as CDFIs. But can it build broader breakout generational wealth, which is mostly possible at the developer level? And are there even enough people of color in those developer ranks to carry out the work? With access to capital such an impediment, large numbers of minority developers and entrepreneurs aren't lining up to rebuild the neighborhoods, experts say.