WASHINGTON (AP) — The Biden administration promised Black business executives on Friday that it planned to make sure that the government’s economic support programs were able to reach minority-owned businesses.
Vice President Kamala Harris and Treasury Secretary Janet Yellen said that the new administration intended 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.
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