Economic Disparities Recommendations | 2023 Update
5.3. A Increase lending to minority businesses by connecting MWBEs with banks, encouraging banks to lend more to MWBEs and recruit additional lenders with a track record of lending to MWBEs.
City Facilitator: City Manager’ s Office, Finance Department and Economic Development Timeframe: Long term( 3-5 years)- In Progress Partners: Arlington Chambers of Commerce Actions:
• Staff is working with Arlington chambers of commerce and Arlington banks to explore ways to implement this recommendation locally.
• Meetings will be held with the city’ s major depository banks to ask for their help in achieving these goals.
• Staff has also created a resource sheet with alternative funding options such as fintech loans, which use algorithms to determine credit worthiness and are not restrained by federal banking regulations.
5.4. A Establish a job resource center at the East Library and Recreation Center, staffed by at least one individual; encourage companies to conduct job fairs in this area.
5.4. B Conduct job and Arlington resource sharing group fairs in east Arlington on an annual basis.
City Facilitator: Library Services Timeframe: Long term( 3-5 years) Partner: Workforce Solutions for Tarrant County Actions:
• Library Services continues to develop a workforce resource center that consists of a kiosk with online resources at the East Library and Recreation Center.- Complete(& Ongoing)
• Library Services continues to conduct and host job fairs, housing fairs and other resource events at the East Library and Recreation Center. Resume workshops are also offered in partnership with Goodwill Industries. Library Services has also partnered with UTA to provide LinkedIn workshops. Library staff also provides headshots for resume and online employment profiles.- Complete
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