Home / United States / Beto O & # 39; Rourke Unveils Small Business Plan to Fight Racial Wealth Disparities

Beto O & # 39; Rourke Unveils Small Business Plan to Fight Racial Wealth Disparities



Former Beto representative O 'Rourke, D-Texas, unveiled Saturday another plan to end racial inequality, promising that it would significantly increase federal government investment in businesses owned by women and minorities.

The hope for 2020 was that its plan would "unlock more than half a trillion dollars" in resources and "spur the development of 200,000 new small businesses owned by women and minorities". It would also redirect $ 100 billion in federal contracts to small businesses, expand access to mentorship opportunities, open a public credit bureau, and find solutions to expand access to markets and capital.

"Beto understands the unique challenges facing small business owners – and that these challenges only worsen for women entrepreneurs and people of color," her campaign website said.

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"Beto's plan to inject capital and boost demand into US small businesses, combat institutional racism and increase federal investment in minority-owned businesses and women will allow small business owners to do what they do best: grow the economy and create jobs. "

The announcement was made while O 'Rourke was speaking at the Black Economic Alliance's presidential forum with Mayor Pete Buttigieg of South Bend, in Indiana, as well as Detective Cory Booker, DN.J . and Elizabeth Warren, D-Mass.

In the past, O 'Rourke acknowledged what he called the "privilege" he enjoyed as a white and heterosexual man.

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He said his privilege had appeared when he made the cover of Vanity Fair early in the year, a decision for which he later expressed his regret. O & # 39; Rourke, in May, also announced proposals to address racial inequalities in the classroom.

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O & # 39; Rourke's plan was put in place while the Democratic Party was engaged in an internal debate about the importance of its focus on identity politics before the 2020 presidential election. the presidency, Andrew Yang, predicts that this focus would cost party victories to the party, Senator Kamala Harris, D-Calif., and Democrat of Georgia, Stacey Abrams, have defended it.

"I would say that the identity policy is exactly what we are and that's exactly what we've earned," Abrams said in May.


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