Biden to announce new steps to close racial wealth gap while marking 100th anniversary ... - 0 views
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One hundred years ago, on May 31, 1921, a White mob descended on the prosperous Black neighborhood known as Black Wall Street and proceeded to burn, loot and kill until hundreds were dead and 35 city blocks were destroyed.
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On Tuesday, he's expected to announce new steps to help minority-owned businesses grow and to address racial discrimination in the housing market, according to senior administration officials.
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The President will announce that he will use federal purchasing power to grow federal contracting with small, disadvantaged businesses -- many of them minority owned -- by 50%. The White House said this will translate to an additional $100 billion over five years.
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