When it comes to investing, estate planning, and overall generational wealth building, Black people are often at a severe disadvantage due to a shortage of knowledge, education, and access. And while in recent years, there has been an increase in resources and opportunities for Black people to plan for their futures, grow their money, and set their children up for financial success, they are still lightyears behind compared to their white counterparts. Former attorney, Joe Cecala, recognized this and, through a partnership with Cadiz Capital Holding LLC, a minority-owned private equity firm, founded The Dream Exchange, the first Black-owned stock exchange in the 230 years of US stock exchanges.
Dream Exchange’s mission is to “focus on small business capital formation and diversity using the power of the American investing public.” The new stock exchange promises to “allow investors to empower innovators and emerging businesses in a way that has never been done before.”
In a statement, Cecala shared, “The Dream Exchange is a real solution to the long-term systemic issues plaguing our country by providing a marketplace where money flows to any organizations that help us to survive better as a society.” He hopes to provide access to the capital markets system by making it available to more individuals and businesses. Cecala also says that the Dream Exchange will list new companies with breakthrough ideas at an early stage so that investors will see the most significant potential opportunity.
William H. Ellison (Bill), Chairman of Cadiz Capital Holding LLC, said, “For years my team and I have looked for a way to help mid-size businesses participate more extensively in the US economy, we feel the Dream Exchange is that way.”
In addition, due to the current global pandemic, the Dream Exchange has been educating members of Congress on the need for venture securities, how to protect capital markets, and the creation of opportunities in the post-COVID environment.
For more information on the Dream Exchange, visit https://dreamex.com/.
Contributing Writer, Racquel Coral is a lifestyle writer based in Chicago. Find her on social media @withloveracquel.