Since the racial reckoning of 2020, the term racial equity has been used consistently to talk about the goal of organizations like ours. Racial equity works to address hundreds of years of injustice perpetuated on the basis of race in this country: from the Indian Removal Act to chattel slavery and Jim Crow to the Chinese Exclusion Act and Japanese internment, and so many other examples of discrimination and oppression. In this light, the need for racial equity is clear, but what about racial healing?
The first step in racial healing is acknowledging that harm has been done, looking it in the face, even when it is uncomfortable. That is how a society grows. That is how our society must grow. January 16 is the National Day of Racial Healing, established by the W.K. Kellogg Foundation. The day creates space for us to look clearly at the causes of racial injustice and take steps to rectify the harm.
For us at the Momentus Capital branded family of organizations, coming together with our communities and partners to chart a new path into the future – out of past practices and prejudices, as well as present ones – is the way to start the healing that is needed to build equitable, inclusive communities. That can look like:
Our continuum of capital is focused on creating those pathways: innovating how underestimated communities can access capital and opportunities to build health and wealth.
Join the Momentus Capital community – whether you are a borrower, a partner, or an investor – in starting the racial healing process that leads to equity for all.