WASHINGTON–The federal government is expanding to three cities a project aimed at bringing diverse inclusion and participation in the economy.
Acting Comptroller of the Currency Michael J. Hsu said the OCC’s “Project REACh” (Roundtable for Economic Access and Change) is being expanded to Washington, Dallas, and Detroit. As CUToday.info reported in 2020, the project kicked off last year in Los Angeles.
According to OCC, Project REACh’s objective is to bring together “a range of leaders to reduce specific barriers that prevent full, equal, and fair participation in the nation’s economy.”
“We are at a critical point in our nation where we will and resolve match the need to act to reduce inequality,” Hsu said in a released statement. “While Project REACh is one of many initiatives addressing the legacy problems facing our society, it is unique in that it assembles leaders of civil rights and community groups, banks, and technology firms to work hand in hand to solve problems previously seen as intractable.”
Aiming Higher
Hsu said in the statement that after one year the goal is to aim higher, including by expanding the program’s regional exposure, and by developing “moonshot” goals for increasing participation over the next two years.
To mark the one-year anniversary of the Project REACh, the OCC has published material providing greater detail regarding the work accomplished over the last 12 months.