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O'Rourke Beto unveils small business plan to address racial wealth disparities



Former Rep. Beto O'Rourke, D-Texas, unveiled another plan geared toward ending racial inequality on Saturday, pledging that as president he would expand the federal government's investment in women and minority-owned businesses. would "unlock over half a trillion dollars" in resources and "ask the development of 200,000 new women and minority owned small businesses." It would be redirect $ 100 trillion in federal contracting for small businesses, expand access to mentorship opportunities, open public credit reporting agency and work through certain avenues to expand access to markets and capital. Owners – and that challenges are only heightened for women entrepreneurs and people of color, "his campaign site read.

] "Beto's plan to inject capital and demand into America's small businesses, confront institutional racism and increase federal investment in minority and women owned businesses will enable small businesses to do what they do best: grow the economy and create jobs." The announcement came as O'Rourke spoke at the Black Economic Alliance's presidential forum along with fellow 2020 contenders Mayor Pete Buttigieg or South Bend, In d., as well as Sens. Cory Booker, D-N.J. and Elizabeth Warren, D-Mass.

O'Rourke in the past has acknowledged what he called the "privilege" he enjoyed as a straight, white male.

PRESIDENTIAL RUN, GO FOR SENATE INSTEAD He indicated his privilege when he appeared on the cover of Vanity Fair earlier this year, a decision for which later expressed remorse. O'Rourke, in May, also announced proposals to address racial inequality in the classroom

CLICK HERE TO GET THE FOX NEWS APP an internal debate on the extent of its focus on identity politics before the 2020 presidential election. While presidential candidate Andrew Yang predicted that focus would cost the party electoral victories, Sen. Kamala Harris, D-Calif., And Georgia Democrat Stacey Abrams both defended it.


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