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Tuesday, February 25, 2020
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Tags American Recovery and Reinvestment Act (ARRA)

Tag: American Recovery and Reinvestment Act (ARRA)

Minority businesses shut out of stimulus loans

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.

New SBA loans can make Black businesses bloom

"We should own and operate and control the economy of our community," said Malcolm X. To make that happen, businesses in the hood should grab the new ARC loans: no-interest loans with no payments due for a year, offered beginning June 15 by the U.S. Small Business Administration, revitalized by President Obama. Merchants and residents who hire and trade with each other build peace and prosperity in the hood.

Stimulus funded jobs: We demand our fair share!

The San Francisco Housing Authority is spending $5 million to create hundreds of jobs where many of us live. But Blacks will be excluded unless Black contractors can borrow from a loan fund so they can hire Black workers. Pack the Housing Commission meeting Thursday, May 14, 4 p.m., at 440 Turk St. to demand our fair share.

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No repeat of US military occupation of Haiti

Intensifying protests led by popular movements in Haiti, calling for the resignation of corrupt, US-supported President Jovenal Moise have persisted for over a year in spite of violent repression and killings of demonstrators by government death squads, bringing day-to-day business to a standstill.

The 30th annual Celebration of African American Poets and Their Poetry:...

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