FORMER NEW YORK MAYOR BLOOMBERG TO DELIVER SPEECH AT “BLACK WALL STREET” IN OKLAHOMA

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[2020 Elections\Mayor Bloomberg\"Black Wall Street"]
Former Mayor Bloomberg: I often say my story would only have been possible in America – and that’s true. But I also know that my story might have turned out very differently if I had been Black, and that more Black Americans of my generation would have ended up with far more wealth, had they been white.”
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Today, in a major speech, (at "Black Wall Street," in Oklahoma) Democratic presidential candidate, and former New York Mayor Mike Bloomberg will announce the Greenwood Initiative a plan to address the systemic bias that has kept many Black Americans from building wealth.

The speech will be delivered in the Greenwood neighborhood of Tulsa, Oklahoma.

Known as Black Wall Street in the early 20th century, it was the most prominent district of Black-owned businesses in the United States, and in 1921, it was destroyed in race attacks known as the Black Wall Street Massacre.

Mike’s speech will reflect on the enduring legacy of discrimination — crystallized by the fact that the typical Black family owns one-tenth the wealth of the typical white family. He will acknowledge that biased policies in the financial, criminal justice, and voting systems have stood as barriers for many Black-Americans for too long, and that the impact of discrimination over centuries has meant an enormous loss of wealth for generations.

As someone who has been very lucky in life, I often say my story would only have been possible in America – and that’s true. But I also know that my story might have turned out very differently if I had been Black, and that more Black Americans of my generation would have ended up with far more wealth, had they been white,” said Bloomberg. “Instead, they have had to struggle to overcome great odds, because their families started out further behind, and excluded from opportunities – in housing, employment, education, and other areas. This weekend, as we celebrate the life of Dr. King, we remember that he not only marched for equal rights, he marched for economic justice, because they go hand-in-hand. He knew that equality under the law was only the first step to true equality, and true equality is only achieved when there is no correlation between skin color and success.”

Mike’s plan, the Greenwood Initiative, lays out a path to the creation of 1 million new Black homeowners and 100,000 new Black-owned businesses in the next decade. His plan also includes a $70 billion investment in the country’s 100 most disadvantaged neighborhoods.

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