SERVICE

OVER 55 YEARS OF PUBLIC SERVICE

Initiated and Ran Programs for Eight U.S. Presidents

Small Business Job Creation

As a Catalyst, Responsible for Creating More Than 10 Million Jobs

Minority-Owned Business Pioneer

Women-Owned Business Pioneer

Special Assistant to Robert F. Kennedy

MORE THAN 10 MILLION JOBS CREATES

Pioneered & leda 20 year effort to dramatize the job creation potential of small businesses to rebuild low income areas. 1969-1987
One at a time, introduced and trained the nations major banks to use government guarantees for inner city small business loans. (Examples include Bank of America, Wells Fargo and Citibank, among 100's of banks in over 100 cities.
Trained over 100,000 city and county economic development professionals in how to finance healthy, expanding companies. The training includes reading financial statements, working with private banks, and using all available federal lending tools.
Enlisted Presidents Carter (Mayors) and Reagan (Governors) to create first-ever small business job creation programs for low-income communities. Results: over $10 billion of financing each. r
As a catalyst, NDC led the effort to focus on small business job creatin in poor neighborhoods, enlisted every major bank as a $100 million plus investor. We never measured the specific impact, but certainly mor than 10 million jobs have been created.

Pioneered and helped change the patters of lending to minority-owned businesses. 1968 to 1987.
In New York City, increased bank lending to minority businesses from $1 million per year (1968) to $50 million per year (1971) A handful of leading organizations joined to set a national example. Others followed.
1970-1971 Created and ran President Nixon’s $100 Million Minority Bank Deposit Program. Results: $255 million of new deposits in the nation’s 36 minority-owned banks, The largest transfer of economic resources into minority-owned institutions in the history of the country.
1975-1976 created and ran President Gerald Ford’s Minority Insurance Company program. Increased insurance-in-force held by minority-owned insurance companies from $8.5 billion to $15 billion.
1973-1974 worked with Avon Products to become the first Fortune 500 company to purchase over $100 million per year from minority-owned businesses.