Administration pledges more support for minority businesses

first_imgWASHINGTON (AP) — The Biden administration is promising Black business executives that it plans to make sure that the government’s economic support programs are able to reach minority-owned businesses. Vice President Kamala Harris and Treasury Secretary Janet Yellen say the new administration intends to address problems in delivering aid to minority businesses in the government’s Paycheck Protection Program, which provides loans to small businesses that can be forgiven as long as the businesses retain their employees or hire them back. Harris and Yellen spoke Friday at a virtual meeting with officials representing some of the 140 chapters of the Black Chambers of Commerce around the country.last_img

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