NATION: On Thursday evening, US Vice President Harris welcomed members of the black business community to join with her in the to discuss matters involving the economic contribution made by multiple U.S. black owned businesses.
By Michelle Crawford-Sapenter.
During the gathering held at her home, the US Naval Observatory located at Number One Observatory Circle, Vice President Kamala Harris recently discussed the contributions of Black business owners and outlined future plans to support them.
During her remarks, Vice President Harris highlighted the significant role that Black entrepreneurs play in the U.S. economy, noting their innovation, creativity, and community leadership
Harris announced the Capital Readiness Program, which includes a $125 million investment to support Black-owned small businesses
Supported as an investment made via the Bidenomics plan, the CRP program aims to provide resources, tools, and support to help these businesses start and scale, particularly in high growth industries like healthcare and climate resilient technology
Additionally, the Biden-Harris Administration has committed to increasing the share of federal contracts for minority-owned small businesses by 50% over the next five years, amounting to a $100 billion investment.
These initiatives are part of a broader effort to ensure that every entrepreneur in America has access to the capital and opportunities needed to thrive.
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