First Awardees for Minority Business Assistance Chosen

Treasury Department distributes $57 million to 12 states for small business support programs.

The Department of the Treasury announced the first awardees of their technical assistance grant for minority-owned businesses. The department distributed $57 million to 12 state governments, allowing them to provide advisory services for any financial or legal issues these small businesses may have. Vice President Kamala Harris announced the initiative the Treasury Department is participating in.

“Today’s announcements are important steps in helping unlock the potential of entrepreneurs in underserved communities across the nation who may have otherwise never had the support needed to pursue their business ideas and ambitions,” said Deputy Secretary Wally Adeyemo. “The investments through the State Small Business Credit Initiative are a key part of the Biden-Harris Administration’s efforts to fuel the small business boom by providing small businesses and entrepreneurs the resources they need to succeed.”  

As the Lord Leads, Pray with Us…

  • For Deputy Secretary Adeyemo as he serves in the Treasury Department.
  • For Treasury Secretary Janet Yellen to be prudent as she heads her department.
  • For the president and vice president as they support minority-owned businesses.

Sources: Department of the Treasury


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