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White House hopeful Beto O’Rourke unveiled a plan he said would create 200,000 new businesses run by women and people of color within eight years.
“As someone who started and owned a small business, Beto recognizes the challenges facing small businesses across the country every day -- and that these challenges are only amplified for women business owners and people of color,” the former Texas congressman’s campaign said in a press release.
“Drawing on the conversations he’s had with entrepreneurs across the country and from his own experiences, Beto’s plan would inject capital and demand into America’s small businesses, root out institutional racism and sexism and increase federal investment in minority and women owned businesses.”
The plan, which was announced at the Black Economic Alliance Presidential Forum in South Carolina, has three main points.
First, the plan would direct the Consumer Financial Protection Bureau to confront discrimination against women entrepreneurs and communities of color by creating a public credit reporting agency to make access to credit fairer and more equitable and triple investment in the Minority Business Development Agency to provide more resources and mentorship to minority small business owners.
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