Elizabeth Warren wants to level the playing field for entrepreneurs of color

[BeckyDem]

( Warren 2020 )


Warren’s newest plan would provide $7 billion in grants to minority-owned businesses.

By Rachel Withers

Jun 15, 2019

Democratic presidential candidate Sen. Elizabeth Warren released a new plan on Friday to “level the playing field for entrepreneurs of color” by providing business grants to minorities in order to close the startup capital gap — the difference in capital available to white entrepreneurs versus entrepreneurs of color.

Warren argues that “every American should have a fair shot at starting a small business,” but says the playing field is currently drastically uneven, with entrepreneurs of color starting businesses with far less money than their white counterparts. Warren writes that disparity severely affects minority-owned businesses’ ability to attract investors, apply for credit, and their bottom lines.

“Disparity in startup capital is the single biggest reason that promising Black-owned businesses on average are less profitable and bring on fewer employees than white-owned businesses,” Warren said.

In order to level the playing field for entrepreneurs, Warren has a plan to distribute $7 billion to minority businesspeople.

https://www.vox.com/policy-and-politics/2019/6/15/18680364/elizabeth-warren-plan-7-billion-entrepreneurs-color-2020-presidential-race