Black-Owned Businesses To Receive $8.7B In Funding, According To Vice President Kamala Harris
Black-owned businesses will soon have access to billions of dollars, thanks to this latest move by Madam Vice President Kamala Harris.
According to Yahoo! News, during the annual Freedman’s Bank Forum on Tuesday, Dec. 14, Vice President Harris, alongside Treasury Secretary Janet Yellen, announced that financial institutions servicing minority and underserved small business owners would reportedly receive $8.7 billion in funding.
The move is a part of the $12 billion that Harris locked in during 2020 while she was still a U.S. Senator. Other Senators responsible for the action include Cory Booker, Chuck Schumer, Mark Warner, and U.S. Rep. Maxine Waters, who serves as the House Financial Services Committee chairwoman, theGrio reports.
The Freedman's Bank Forum
This forum — held annually — was started by former Treasury Secretary Jack Lew to address racial, economic disparities.
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