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Converge for Change Podcast

S3E4: Investing in Black Businesses As a Form of Healing

August 1, 2024

“Ownership is an institutional architecture that is created in an economy designed to serve the few.” 

-Jessica Norwood

In this episode, Takema Robinson and guest, Jessica Norwood, founder and CEO of the Runway Project, discuss the concepts of ownership, reparative economics, and black imagination. Jessica emphasizes the importance of creating an economy that serves the many, rather than the few, and explores the idea of ownership as an institutional architecture. Norwood also highlights the need for a reparative approach to money and investment, centering the healing and empowerment of marginalized communities. She shares her work with the Rooted Fund, a national reparative fund, and her involvement in Africa Town, a community focused on economic and environmental justice. Norwood emphasizes the power of imagination and the role of joy in the pursuit of justice. 

Chapters 

00:00 Introduction and Catching Up 

04:50 Creating an Economy that Serves the Many 

14:27 Reparative Capital: Addressing Historical Marginalization 

19:10 Reimagining the Financial System for Inclusivity 

36:00 The Power of Black Imagination 

40:39 Finding Joy in the Pursuit of Justice 

41:55 Centering Joy and Healing in Justice 

44:01 Investing in Black Businesses as a Form of Healing 

45:53 The Interconnection of Joy, Justice, and the Environment 

46:35 5 Takeaways 

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