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San Francisco Mayor London Breed announced on Wednesday, May 5, that $3.75 million of the San Francisco Police Department’s budget will be funneled into Black-owned businesses as a result of a reinvestment by the Office of Economic and Workforce Development and the San Francisco Human Rights Commission.
Breed said the money will be reallocated as part of an effort to address generations of race-based inequality in the West Coast city.
“Across this country, and in our City, we’ve seen how the Black community’s economic growth and prosperity has historically been disrupted and marginalized,” Breed said in a statement. “This funding is part our efforts to undo the harm of generations of disinvestment and economic inequities. As we work to recover and make San Francisco a better place to live, work, and do business, we have to invest our resources in a way that lifts up and supports African American small businesses owners, entrepreneurs, and the entire communit
Mayor London Breed San Francisco will divert $3.75 million from its law enforcement budget to programs assisting the city’s Black-owned businesses.
As reported by The Washington Examiner, The Office of Economic and Workforce Development will distribute funding to 17 community organizations. The goal of the initiative is to preserve small businesses in historically black neighborhoods.
“This funding is part [of] our efforts to undo the harm of generations of disinvestment and economic inequities,” Mayor
London Breed said. “As we work to recover and make San Francisco a better place to live, work, and do business, we have to invest our resources in a way that lifts up and supports African American small businesses.”
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