Councilmember McDuffie Releases Committee on Business and Economic Development FY22 Budget Report

Councilmember McDuffie Releases Committee on Business and Economic Development FY22 Budget Report

FY22 Budget, Press Release
Prioritizes addressing the District’s racial wealth gap, tackling systemic barriers to access capital and supporting workers & small businesses most impacted by the pandemic For Release: Thursday, July 1, 2021 Contact: Malcom Fox, 202-227-1701, mfox@dccouncil.us Washington, DC – Today, the Committee on Business and Economic Development released its FY22 Budget report. Chairman Kenyan McDuffie prioritized funding programs that would reduce the District’s stark racial wealth gap, address gaps in access to capital for socially disadvantaged entrepreneurs and provide financial relief for workers and small businesses in industries that have been the most impacted by this pandemic. “The Committee’s budget dollars must facilitate an equitable recovery and address the structural economic barriers for communities of color that predate this pandemic,” said Councilmember McDuffie. “The Child Wealth Building Act and guaranteed basic…
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