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Can A New Rule Change By The Small Business Administration Give Formerly Incarcerated Citizens A Chance At Entrepreneurship?

Vice President Kamala Harris has unveiled significant changes to entrepreneurship pathways for formerly incarcerated individuals.

Michelle Burk

Jan 31, 2024

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.

Shanique Yates

Dec 17, 2021