Our Black agenda efforts reflect a concern for, and a commitment to, advocating for policies that will eliminate the divides faced by all Black Americans.
WASHINGTON – Administrator Isabella Casillas Guzman, head of the U.S.
www.sba.gov
SBA 7(a) and 504 Loans to Black-owned Businesses
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021
FY 2022
FY 2023 YTD
Total loans
2,511
2,701
2,476
1,718
2,741
3,630
4,387
Dollars (millions)
$671
$780
$784
$592
$1,067
$1,148
$1,308
Share (% of loans)
3.7%
4.1%
4.3%
3.5%
4.5%
6.4%
7.5%
Any public-private partnerships that the Biden-Harris administration engages in must include a commitment by private partners to take affirmative action to reach parity within the next 20 years in the recruiting, mentoring, training, hiring, promotion, and retention of Black American workers at all levels, from entry-level to upper management.
By the authority vested in me as President by the Constitution and the laws of the United States of America, including sections 1104, 3301, and 3302 of
www.whitehouse.gov
Companies in the technology and finance sectors must reach a goal of having at least 15% of their workforce composed of Black Americans at all levels, from entry-level to upper management, in 20 years. The government must amend the existing tax law to offer these businesses specific tax incentives, like the Work Opportunity Tax Credit (WOTC), that encourage the hiring of ex-offenders to incentivize the hiring and retention of Black American workers.
WASHINGTON – Administrator Isabella Casillas Guzman, head of the U.S.
www.sba.gov
SBA 7(a) and 504 Loans to Black-owned Businesses
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021
FY 2022
FY 2023 YTD
Total loans
2,511
2,701
2,476
1,718
2,741
3,630
4,387
Dollars (millions)
$671
$780
$784
$592
$1,067
$1,148
$1,308
Share (% of loans)
3.7%
4.1%
4.3%
3.5%
4.5%
6.4%
7.5%
Any public-private partnerships that the Biden-Harris administration engages in must include a commitment by private partners to take affirmative action to reach parity within the next 20 years in the recruiting, mentoring, training, hiring, promotion, and retention of Black American workers at all levels, from entry-level to upper management.
By the authority vested in me as President by the Constitution and the laws of the United States of America, including sections 1104, 3301, and 3302 of
www.whitehouse.gov
Companies in the technology and finance sectors must reach a goal of having at least 15% of their workforce composed of Black Americans at all levels, from entry-level to upper management, in 20 years. The government must amend the existing tax law to offer these businesses specific tax incentives, like the Work Opportunity Tax Credit (WOTC), that encourage the hiring of ex-offenders to incentivize the hiring and retention of Black American workers.
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