006: Wayne Griffith – VP Commercial Financial, Business & Professional Services at RBC Royal Bank.

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3:41 What’s the state of our economy; are we in a recession?

5:52 What markers do you use to determine how long a recession will last?  

7:59 Is it the governments fault that we’re in a recession?

10:40 Can you give me an example of another time that we were in a recession, and what caused that recession?

12:20 What can we the pubic do to help the government not raise interest rate; does the public have any control? 

15:02 What can someone do today to hedge against the downturn that’s ahead?

16:36 Are there certain sectors that you suggest to invest in during a slow economy?

17:56 What are you and RBC doing to help minorities in the Toronto and Ontario area?

19:40 How can Black Entrepreneurs apply for your programs?

21:42 Workshops are nice and all but how many loans are actually coming out of these workshops? 

22:33 1 million dollars a year to lend BIPOC entrepreneurs doesn’t sound like a look of money to me. What do you think?

23:21 Is there a reason why we don’t have more grants for the Black community?

25:23 Are blacks and minorities systematically denied access to wealth?  

28:08 I feel like that banks need to find a different formula or strategy to help minority/immigrant entrepreneurs because some of them don’t have the collateral to put up for a loan, but the banks still find a way to give them car loans and credit cards that result in them being in debt. Do you agree?

34:40 What’s the one piece of advice that you’d give a young entrepreneur about their brand and how to grow it to a profitable business?

#banks #loans #lending #bipoc #entrepreneur #youth #giveback #business 

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