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President Joe Biden’s administration on Tuesday announced new measures designed to narrow the racial wealth gap and build wealth in Black communities.

The plan would help combat discrimination in the housing market, and grow the number of federal contracts given to small, disadvantaged businesses by 50% over the next five years — an extra $100 billion in contracts, according to the White House press release. 

The Biden-Harris administration unveiled the new measures on the 100th anniversary of the Tulsa race massacre, when an estimated 300 Black Americans living in Greenwood, Tulsa — also known as details ⇒

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