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Economic Opportunity Coalition

Vice President Harris has announced several new initiatives to expand opportunities for underserved and disadvantaged entrepreneurs, including people of color. The announcement came as Harris joined Treasury Secretary Janet Yellen at the 2022 Freedman’s Bank Forum. What was announced? VP Harris’ latest efforts include:  Government contractsA memorandum to government agencies setting individualized goals for an unprecedented 12% of 2023 federal procurement dollars to be directed towards Small, Disadvantaged Businesses. New lendersA proposed expansion of the Small Business Administration lender base by lifting the moratorium on new Small Business Lending Companies (SBLCs),