$12B headed to minority and women-owned businesses
RICHMOND, Va. (WVIR) - Federal funding is headed to minority and women-owned businesses.
Virginia Senator Mark Warner helped write the bill that will provide $12 billion to low-income and minority communities.
Warner says the coronavirus pandemic disproportionately affected minority-owned businesses and now its time to build them back up.
“This is the first time in a long time the federal government is literally putting its money where its mouth is in terms of support for minority businesses, women-owned businesses, businesses that have not had a fair shake,” the senator said.
This money is in part of the most recent COVID-19 Relief Bill passed in December 2020.
Copyright 2021 WVIR. All rights reserved.