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Biden announces a new plan to narrow the racial wealth gap, including $100 billion more in federal contracts to small businesses and rules to end housing discrimination

Biden Harris   Photo by Anna Moneymaker:Getty Images

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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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