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Harris announces $1.25 billion to community lenders © Jacquelyn Martin Vice President Kamala Harris LENDING Harris announces $1.25 billion to community lenders Vice President Kamala Harris announced Tuesday that the Biden administration is distributing $1.25 billion to hundreds of community lenders in an effort to help boost the economic recovery from the coronavirus for small businesses and disadvantaged business owners The funds are going to more than 860 community development financial institutions, or CDFIs, around the country. CDFIs offer loans to small businesses and those who may be turned down for loans from major banks, a problem that studies have shown particularly plagues minority business owners. Harris has focused on small businesses from the start of her vice presidency, and has emphasized in particular the need to support minority- and female-owned small businesses as key to a robust economic recovery. ASSOCIATED PRESS

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