Vice President Harris, Treasury announce billions for Black, minority businesses at Freedman’s Bank Forum
Black-owned businesses suffered disproportionately during the pandemic, with ownership rates seeing a 41% drop between February and April 2020. Vice President Kamala Harris and Treasury Secretary Janet Yellen headlined the annual Freedman’s Bank Forum on Tuesday, announcing $8.7 billion in federal funding for financial institutions serving minority and underserved small business owners. The sizable investment…