Biden needs to close the venture capital racial gap

• Joe Biden has identified racial equity as a top priority of his White House agenda. Entrepreneurship is one of the most direct paths towards closing the racial wealth gap. Biden's plan includes entrepreneurship and access to low-interest loans for entrepreneurs of color.
• Will there be adequate training and support? Biden suggests establishing entrepreneurship training programs, which should be equally, if not more important, than access to cash.

Remarks by President Biden on Signing of an Executive Order on Racial Equity
January 26, 2021. Just imagine: Instead of denying millions of young entrepreneurs the ability to access capital, we made it possible to take their dreams to market, create jobs, and reinvest in their communities.

Biden Plan to Build Back Better by Advancing Racial Equity
Small business ownership is one of our country’s cornerstones for wealth building and job creation. To address the racial wealth gap, the opportunity gap, and the jobs gap for Black and Brown people, Biden will launch a historic effort to empower small business creation and expansion in economically disadvantaged areas – and particularly for Black-, Latino-, AAPI-, and Native American-owned businesses. This effort includes:

• Dramatically increase the availability of venture capital investments for small businesses, especially those owned by Black and Brown people.
• Spur more than $50 billion in additional public-private venture capital to Black and Brown entrepreneurs.
• Expand access to $100 billion in low-interest business loans by funding local and tribal lending programs in Black and Brown communities.

Learn More about Entrepreneurship Opportunities for Specific Minorities:

• Biden's Agenda for the Latino Community
  
• Biden-Harris Plan for Tribal Nations
  
• Biden Plan to Advance LGBTQ+ Equality
  
• Biden Plan for Black America
  
• Biden's Agenda for the Indian American Community
  
• Biden's Agenda for the Asian American & Pacific Islander Community
  
• Biden's Agenda for Muslim-American Communities
  
• Biden: Puerto Rico deserves more respect
  
• Biden and the Arab American Community
  

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