The African American Alliance of CDFI CEOs recognizes the significance of last night’s election results and the unique challenges and opportunities they bring for Black communities and the institutions dedicated to their progress. While the outcome may not mirror the hopes and aspirations of many we serve, we are steadfast in our mission to work with the new administration in advancing a more inclusive and equitable economy. Our commitment remains: to ensure every American, particularly those who have been historically underserved, has full access to the resources and opportunities necessary to thrive.
In his victory speech, President-elect Trump expressed a desire to be a unifying force and a president for all Americans. This is a significant commitment, one that speaks directly of the deep divides we face as a nation. It is our hope that this promise extends beyond words to concrete action—policies that bring meaningful change to Black entrepreneurs, small businesses, and communities across the country.
That said, we know that change requires accountability, and we are prepared to hold the new administration to its word. We are eager to engage in a dialogue about real solutions, to ensure that the promises of unity and opportunity become realities for all Americans. We also invite the incoming administration to support CDFIs as critical vehicles for economic justice, financial inclusion, and sustainable growth for Black-owned businesses. By doing so, we can stand by our mission to bridge economic gaps and work toward a future where economic justice is not just a hope but a guarantee.
Now, more than ever, we are called to come together, heal, and build. The path forward will not be easy, but our resolve to make a lasting impact for Black communities remains as strong as ever. In the words of Dr. Martin Luther King Jr., ‘We must accept finite disappointment, but never lose infinite hope.'”
Be Steadfast!
Lenwood V. Long, Sr. – CEO
