Cooperative Banking For Black Lives

MINNEAPOLIS—On an unseasonably warm Friday in late January, African-American business owners, activists, advocates, musicians, politicians and artists toasted with a “come-up” cocktail: a healthy mix of Goldschläger, vodka and sparkling cider over ice. A “come-up” signifies making it to the next level—and assembled community members used the moment to reflect on recent progress and envision the years to come. The party, hosted by the Association for Black Economic Power (ABEP) at its new office in North Minneapolis, celebrated the growing local movement to empower the black community to invest in its own neighborhoods and divest from systemic harms (such as institutions that extract local resources and wealth). And there was much to celebrate: For one, the 2017 city council victories of event speakers Andrea Jenkins (the first African-American, openly trans woman to be elected to public office) and Jeremiah Ellison (son of Minnesota Congressman Keith Ellison).
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