Biden announces plans to boost black and Latino finances to help overcome inequities in the economy
Presumptive Democratic presidential nominee Joe Biden announced a plan Tuesday to spend tens of billions of dollars to help people of color overcome inequities in the economy, a move that comes amid financial and racial upheaval nationwide.The plan calls for dedicating $30 billion worth of previously proposed government investments to a small business opportunity fund benefiting black, brown and Native American entrepreneurs. The goal is to spur five times as much in private investments.
Tuesday’s proposal — an array of plans covering topics such as education, housing and retirement — builds on ideas Biden has previously championed. “You will not see new dollar amounts” in the document, said a senior Biden campaign official previewing the plan., a move some black activists advocated as a way to tackle economic and moral inequities.
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