Trump To End $37B Program Aimed At Helping Small Minority Owned Businesses

Prince.Skeletor

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This program was one of the largest and longest-standing affirmative action initiatives in federal contracting. It earmarked at least 10% of federal transportation infrastructure funding for minority and women-owned businesses, supporting around 49,000 contractors nationwide.

According to the Minority Business Development Agency (MBDA), a related agency also targeted for dismantling, the agency facilitated access to over $1.5 billion in capital for minority-owned businesses and was credited with creating or preserving approximately 23,000 jobs in the most recent fiscal year.

The program directly benefited an estimated 49,000 minority and women-owned contracting firms.

Advocates warn that the program’s elimination could be "catastrophic" for these businesses, with many at risk of failure if such support is withdrawn.

The title "Trump abolishing this funding" is misleading though. Trump is not cancelling $37 billion in federal funds or stopping infrastructure projects themselves. Instead, the administration is moving to abolish the requirement that at least 10% of federal transportation infrastructure funding be awarded to minority and women-owned businesses.

He is only saving 10 Million because he is abolishing the DBE, the organization that manages this affirmative action initiative, because 10M is how much the DBE costs to run it's services.
'Trump Proposes Ending Federal Requirement for Minority and Women-Owned Business Participation in Infrastructure Contracts' would be a better title.
 

Still Benefited

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Yall still at it with the fear mongering?



"The title "Trump abolishing this funding" is misleading though. Trump is not cancelling $37 billion in federal funds or stopping infrastructure projects themselves. Instead, the administration is moving to abolish the requirement that at least 10% of federal transportation infrastructure funding be awarded to minority and women-owned businesses.

He is only saving 10 Million because he is abolishing the DBE, the organization that manages this affirmative action initiative, because 10M is how much the DBE costs to run it's services.
'Trump Proposes Ending Federal Requirement for Minority and Women-Owned Business Participation in Infrastructure Contracts' would be a better title."


Dont worry,your precious "pawgs" will still get their funding it seems:respect:
 

Savvir

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Yall still at it with the fear mongering?



"The title "Trump abolishing this funding" is misleading though. Trump is not cancelling $37 billion in federal funds or stopping infrastructure projects themselves. Instead, the administration is moving to abolish the requirement that at least 10% of federal transportation infrastructure funding be awarded to minority and women-owned businesses.

He is only saving 10 Million because he is abolishing the DBE, the organization that manages this affirmative action initiative, because 10M is how much the DBE costs to run it's services.
'Trump Proposes Ending Federal Requirement for Minority and Women-Owned Business Participation in Infrastructure Contracts' would be a better title."


Dont worry,your precious "pawgs" will still get their funding it seems:respect:
So he's ending the funding requirements that keep this program going....

but he's not ending the program...

:what:

if a bytch steals your car keys, is she preventing you from driving to work or is she just removing your access to the car?
 
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