Vice President Harris Announces Slate of Actions to Help Black and Minority-owned Small Businesses

Vice President Kamala Harris used her time at Freedman's Bank Forum to announce new public and private-sector efforts to advance racial equity.

Harris said the administration recognizes the continued difficulty that Black-owned businesses have in finding funding.

She acknowledged that they routinely are the first to suffer during an economic downturn.

Among a slate of new actions by the Biden-Harris administration, the vice president announced that the Small Business Administration (SBA) would propose a rule this fall to expand its lender base by lifting the moratorium on new Small Business Le...