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Cory booker

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Democratic Senators Introduce New Bill to Permanently Support Black-Owned Businesses

Democratic senators have up the ante on COVID-19 relief support for businesses owned by people of color. Recently Capitol Hill representatives introduced new legislation aimed at investing in Black-owned businesses. According to the U.S. Senate Committee on Small Business and Entrepreneurship, Senate Democratic Leader Chuck Schumer (D-N.Y.), Sen. Cory Booker (D-N.J.), Sen. Kamala D. Harris (D-Calif.), Catherine Cortez Masto (D-Nev.), Ben Cardin (D-Md.), and U.S. Senate Committee on Commerce, Science, and Transportation Ranking Member Maria Cantwell (D-Wash.) proposed the Minority Business Resiliency Act, a multi-step bill centered around the improvement of the Minority Business Development Agency (MBDA). The bill involves officially making the agency permanent, expanding its grant-making authority, introducing new regional offices, and broadening its networking reach with fellow federal agencies. Currently, the MBDA supports businesses owned by people of color in all industries;...

Devin Crudup

Jul 16, 2020