Cliff Notes: EYL & Kamala Harris Discuss Lack of Access to Capital for Black Entrepreneurs
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In this compelling clip of EYL, hosts Rashad Bilal and Vice President Kamala Harris delve into the pressing issue of access to capital for black entrepreneurs. Vice President Harris discusses the current administration's efforts to combat disparities in funding, emphasizing the importance of federal initiatives aimed at supporting minority-owned small businesses. She highlights the administration’s strategies such as increasing federal contracts for minority businesses by 50%, and investing in community banks and financial literacy.

Rashad shares insights from personal experiences and interactions with various entrepreneurs, explaining the critical role of capital in scaling businesses from start-ups to major players in the economy. The conversation also covers the impact of social media and technology in leveling the playing field for new businesses and the unique challenges faced by tech entrepreneurs.

Discover how these initiatives not only aim at funding but also at empowering communities through entrepreneurship which, in turn, fosters broader economic development and growth. Vice President Harris also outlines future plans focusing on substantial federal investments in infrastructure, technology, and the clean energy economy, which could offer new opportunities for small businesses.

Don’t miss this insightful discussion on how targeted economic policies can facilitate substantial change and offer a ladder of opportunity to minority entrepreneurs.

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