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Black History is More Than a Month

We’ve just wrapped Black History Month 2022, but it shouldn’t stop there for you or your business. Black history is more than a month.

Here are some ways to keep the momentum going through your business in the coming months, and years, for more impact:

Diversity in Corporate Boards

Allow Black leaders to shine through in the diversity of your corporate board. Not only is this step good for supporting Black individuals, it also shines in your business.

A strong board is made up of several people from many different walks of life, histories, experiences, and outlooks on life. When you diversify your board, you lay a strong foundation for your business moving forward.

Consider Mentorship Programs

Take some time to consider how you can uplift and inspire others in your community. For example, can you help minority students in school get internships or direct mentoring from you? You could help grow their confidence and self-esteem, as well as propel them forward toward better career paths and additional future opportunities by mentoring them. This is a simple way for you to help and be able to observe the fruits of your labor for years to come.

Your Vendors

Assess what vendors you work with. How can you diversify your vendor pool? Are you supporting Black-owned businesses? This step may take some research on your part. Still, it shows your initiative and that you support diverse individuals and businesses through your company. You may want to ask around with similar businesses to see how you can branch out when it comes to the vendors you use.

When it comes to vendors you patronize, don’t stop just at your business. Look for ways to make purchases as a consumer that also support minority-owned companies.

Your Employees

Your employees reveal and reflect a lot about your business, your goals, and what you support. How are you recruiting with diversity and inclusion in mind? If you have a human resources department or human resources staff, now might be a good time to review your recruiting policies and procedures. You may want to make some changes to help ensure a diversified pool of employees.

A strong board is made up of several people from many different walks of life, histories, experiences, and outlooks on life.

Referral Partners

Who do you refer to or recommend when a request is made? Do you have a go-to referral partner that maybe should be one among many in a diverse group? How can you increase diversity in your group of referral partners? You may have more resources in your pool than you think; you may need to simply take the time to include ones that you haven’t in the past. If you need more, consider how you can expand your network. Perhaps by:

  • Attending more networking or local educational events
  • Asking colleagues
  • Getting to know others who work with the people you know
  • Connect colleagues, partners, and colleagues or share industry information others would find useful — doing so encourages those in your network to reciprocate when you also need to grow your network
  • Joining various groups, commissions, clubs, and associations
  • Research events happening in your community and get involved

Revisit your network frequently to identify which relationships you should continue to nurture and which you might need to try to add. Work this strategy into your ongoing business plan and make it a business objective to keep your network trim but powerful.

Do your actions reflect the value you place on diversity and Black History Month throughout the year?

Businesses You Personally Patronize

If you’re like most people, you make purchases on a daily basis or at least several times a week. Whether it’s your morning coffee, the nearby lunch bistro, flowers for your significant other, a new suit at the mall, or a significant purchase like a home or vehicle, you have the power of your money. Take a serious look at where you are spending your hard-earned dollars. Do your actions reflect the value you place on diversity and Black History Month throughout the year? If you aren’t sure about your answer, how can you work to change that? How can you use your consumer shopping power to do more with your money than simply make a purchase?

While these changes can’t and won’t happen overnight, the fact that you are working towards them shows that you care about diversity and Black History throughout all 12 months of the year. You may want to pick one or two goals to work on at a time as not to get overwhelmed. You can also look to your business colleagues and fellow business owners for ideas.

 

In practice for 30 years, April D. Jones is the founder and CEO of the Jones Law Firm, PC. Ms. Jones leads a powerhouse team of practitioners that have helped thousands of families and individuals through high-level  family law legal services.  Currently, she is leading the Sam Cary Bar Association in a second term as President (2005 and 2021). April obtained her Bachelor of Arts degree from the University of California at Berkeley. She earned a Juris Doctorate from the University of California, Hastings College of Law.  Ms. Jones  is a member of the California State and Colorado State Bars and is a 2021 recipient of the Denver Business Journal “Outstanding Women in Business Award.”

Business leaders form group to address inequities

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Dax Craig had heard the stats before—the “business case for diversity, equity and inclusion” that shows companies that are racially and ethnically diverse are more likely to outperform their competitors, make decisions faster, collaborate better and be more innovative.

Then came 2020, and the deaths of George Floyd, Ahmaud Arbery and Breonna Taylor and others—and the nationwide protests that followed. Suddenly everything Craig—president and co-founder of Denver-based Pie Insurance—had learned about racial inequities came into sharp focus.

“All the events of the past year—the George Floyd murder, the Black Lives Matter protests—made me realize, ‘Oh my god, this is real. I need to pay attention to this.’” Craig says. “In the past, it didn’t affect me. It wasn’t part of my worldview. Sadly, those events really opened my eyes to the issue and I started looking into it, diving into, ‘What’s going on here? Why is this happening? ’I realized it’s actually a real problem, but it is solvable.”

Craig started talking to other business leaders in Denver and beyond and found they were equally troubled by the headlines around racial injustice and inequities. Together, they formed Colorado Inclusive Economy (CIE), a new organization aimed at increasing the participation of underrepresented and marginalized groups in the state’s business ecosystem.

“When everybody enjoys the fruits of the economy, it’s the right thing to do,” Craig says. “We need to build a fair system. What we’ve all learned—what we should have known but didn’t know—is that the system isn’t fair. So how do we make the system fair? When the system—the business system, the political system, the justice system—is fair, everybody has a chance to be part of it. It’s such an amazing life we live here in Colorado, and we want everybody to share in it. Not just the outdoors, because that’s free, but the business side of it and the economic side of it, too.”

With leaders on board from JPMorgan Chase, Janus Henderson, Four Winds Interactive, Pinnacol Assurance and more, CIE is committed to recruiting, hiring and promoting employees of color; transforming corporate cultures to embrace and support inclusivity; and investing in education and workforce development to create a more inclusive and skilled pipeline of talent.

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“There’s a role for human resources in this, but what’s been missing is real CEO-level, president-level commitment to this work.” — Dr. Jandel Allen-Davis, president and CEO of Craig Hospital

“The intent is really to get as many companies as we possibly can together to create 10,000 jobs in 10 years,” says Dr. Jandel Allen-Davis, president and CEO of Craig Hospital and a founding leader of CIE. “There’s a role for human resources in this, but what’s been missing is real CEO-level, president-level commitment to this work.”

In addition to working together and offering support and toolkits on their website, inclusiveeconomy.us, Colorado Inclusive Economy members are working on the issue in their respective workplaces as well. For Dax Craig, that means completely reworking the way job openings are written, posted and shared.

“We make it a point to have a diverse set of candidates for every job before it goes to the interview panel, then we also make sure the interview panel is representative of the people who are looking for interviews, so we have this ecosystem that’s diverse,” he says. “You’ve got to actively recruit people and actively look at your job descriptions and get outside of your comfort zone from an experience standpoint. You can’t put a narrow box experience, because if you do, only people from that very narrow box are going to apply. And often those are not underrepresented folks. You have to expand your thinking.”

The business case for that? It’s simple, Craig says—better relationships with customers and potential customers.

“Our customers are small business owners—the average one has eight employees. That is an incredibly diverse group of people,” he says. “White men aren’t the only ones that start businesses. Lots of businesses are started by immigrants and minorities. We want our people to actually look like and represent our customers.”

Diversity In Biz Lyndia Garcia
Lydia Garcia, who has worked with some of the most prestigious theatres in the country, was hired in 2019 as the Denver Center for the Performing Arts’ first-ever director of equity and organization culture.

At the Denver Center for the Performing Arts, meanwhile, president and CEO Janice Sinden—another CIE founding leader—is taking dramatic steps to address the issue, hiring Lydia Garcia as the organization’s first ever director of equity and organization culture and looking at everything from show selection to the usher experience to make the center more welcoming to patrons from underrepresented backgrounds.

“We’re leaning in hard and looking at all of our systems and figuring out where we were already doing things, where we had to stop doing things, and what were the things we needed to work toward,” she says. “What is that usher experience when you’re a Black family that walks into a predominately white audience? How are you treated? How do you feel in that space? When you get into artistic decision-making and what you put on a stage and the stories you’re telling—does that reflect community? Does it marginalize a community, or does it lift a community up?”

It’s a conversation the Denver Center has been having for a while now, Sinden says, especially as the Denver metro area moves closer and closer to becoming a minority-majority community.

“By 2030, we will have a less-than 50% white population,” she says. “It should be an expectation that our business and our audiences look like our community. It feels like a moral obligation that those who have had privilege and continue to have privilege need to make space for everyone.

“We have been really excited about this work for a number of years, so to be able to join with other organizations—for-profit, nonprofit—and share best practices and build an inclusive economy is an honor,” Sinden continues. “We get so far in these boxes of what we think we need—we have no idea how big and bright the world is if we just think a little bit differently.”

Why investing in women is good business

Investing in women makes good business sense because diverse and inclusive workplaces are essential in meeting the needs of today’s diverse clients, communities and other key stakeholders.

Bank of America recognizes the significant role women play in advancing thriving economies – with women owning 37% of all businesses worldwide. It’s why we continue to invest every day in helping them make meaningful contributions within our company and in their communities at large. Here in Colorado, for example, we partner with the Colorado Enterprise Fund, a Colorado-based CDFI, to provide loans and small business support to veteran and women entrepreneurs. We also are an engaged member of the Colorado Women’s Chamber of Commerce through our sponsorship of the Powerful Voices Conversation Series, which highlights the inspirational stories of perseverance and success of women in business.

A snapshot of Bank of America’s current employee demographics shows that women make up 50% of our global workforce, 32% of our global management team, more than 40% of our managers and 35% of our board of directors – exceeding industry benchmarks.

So how did we get here? By bringing talented women to our company, investing in their career growth and providing a range of supportive benefits, while also supporting the economic empowerment of women in communities around the world.

The bank partners with more than 350 colleges and universities around the world to recruit diverse talent, and our most recent summer intern class was 47% female. We have programs designed specifically to support the retention and career development of female employees such as our LEAD (Leadership, Education, Advocacy and Development) for Women Employee Network, which is more than 36,000 members strong. Locally, we sponsor Girls & Science, which offers young people the opportunity to explore what a future career in science, technology, engineering, art, and math (STEAM) entails through mentorships with women in STEAM. We also support transitional employment programs serving women who have struggled to obtain and maintain employment or need training or reskilling assistance through our grants to organizations like Women’s Bean Project, Ready to Work Aurora, Center for Work, Education & Employment, and Mi Casa Resource Center.

But an effective diversity and inclusion program goes beyond recruitment and development and includes progressive workplace policies and benefits so all employees feel supported in managing responsibilities at work and at home. For example, to support working parents through the coronavirus, Bank of America offered its employees childcare reimbursement of up to $100 a day. Similar support was also offered to employees caring for aging parents.

As a leader in financial services, Bank of America also supports women entrepreneurs with capital and resources to help them grow their businesses. I’ve seen first-hand the impact of our support when I helped mentor women business owners through the bank’s partnership with the Cherie Blair Foundation. The program has matched more than 2,700 women in developing and emerging countries to online mentors, including more than 500 of my Bank of America colleagues.

Through our commitment to a diverse workforce, we hope to make a positive and lasting impact on our company, and the communities we serve.

Melvinacarrick1 Melvina Carrick is the Colorado Market Leader for Bank of America.