Tag: minority businesses

Loans handed out to struggling small businesses as part of President Barack Obama’s stimulus package have largely shut out minority businesses – especially those owned by Blacks and Latinos. Overall, white-owned businesses received over $130 million in loans through the program, while Hispanic-owned businesses got $4 million and Black-owned businesses less than $2 million.

"Dr. Howell was a beacon of optimism and hope, particularly for the owners of minority businesses in Oakland and throughout the Bay Area." - Congresswoman Barbara Lee