Vice President Kamala Harris has announced new actions to support under-resourced suppliers, small businesses, and communities as part of the Biden-Harris Administration's Investing in America agenda. The agenda aims to build the economy from the bottom up and increase economic opportunity. The administration has awarded a record-breaking $70 billion in federal contracts to small, disadvantaged businesses and invested $12 billion in community lenders to expand access to capital. These investments are expected to increase lending to Latino and Black communities and have already resulted in a significant increase in loans to Black and Latino-owned businesses.
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