Kamala Harris Proposes $74.5B For Black Businesses, Higher Education

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Written by Ann Brown
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Sen. Kamala Harris, D-Calif., speaks to members of the media at her alma mater, Howard University, Monday, Jan. 21, 2019 in Washington, following her announcement earlier in the morning that she will run for president. Harris, a first-term senator and former California attorney general known for her rigorous questioning of President Donald Trump’s nominees, entered the Democratic presidential race on Monday. Vowing to “bring our voices together,” Harris would be the first woman to hold the presidency and the second African-American if she succeeds. (AP Photo/Manuel Balce Ceneta)

Presidential candidate Kamala Harris says she has one solution to help close the wealth gap among Black Americans. Harris has proposed $74.5 billion for Black higher education and businesses.

She recently rolled out two new policy proposals that are focused on investing in higher education and entrepreneurship.

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Howard University alum Harris, the only graduate of a historically Black college and university (HBCU) running in the 2020 presidential race, has proposed what her campaign is calling “the next major planks in her black agenda.”

She unveiled the policy at the National Urban League conference in Indianapolis, and it calls for investing $60 billion in science, technology, engineering, and math education at HBCUs.

“We’re going from the doors to many of our country’s prestigious colleges and professions being closed to our community to new investments that educate the next generation of black leaders,” Harris said.

“The $60 billion higher education proposal would be divided into $10 billion for an infrastructure grant program to help build classrooms, labs and other facilities and $50 billion to fund scholarships, fellowships and research,” CNN reported.

In addition, Harris announced she wants to work with Congress to set up a $12 billion capital grant and technical support program, to facilitate startup minority small businesses. Her entrepreneurial plan includes a student loan debt forgiveness program for Pell grant recipients who launch businesses that operate for three years in disadvantaged communities.