Black leaders want targeted federal funds for Black businesses hit hard by pandemic
Civil rights activists and business leaders have asked President Joe Biden’s administration to include targeted funding for Black-owned businesses in the next Covid-19 relief package. They also say that without the federal aid many businesses could be forced to close their doors in the next 90 days.
Members of the National Urban League and the U.S. Black Chambers are among the groups demanding that Biden’s $1.9 trillion stimulus plan allocate money that will exclusively go to Black entrepreneurs.
“It should be specific,” said Ron Busby, president and CEO of U.S. Black Chambers. “It should not be minority, it should not be underserved, it should be Black.”