Home Economics & Finance VP Harris, Treasury Dept. announce billions for Black, minority businesses

VP Harris, Treasury Dept. announce billions for Black, minority businesses

Billions for Black minority businesses

Billions for Black minority businesses. Black-owned businesses are getting a major boost from the fed government.  Vice President Kamala Harris and Treasury Secretary Janet Yellen unveiled a plan to distribute $8.78 billion to help increase lending to Black-owned businesses and access to banking in low-income communities. The funds are coming from the Emergency Capital Investment Program –– an initiative formed this year –– and will be distributed to 186 community-based financial institutions. Click HERE to read more.